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Aussie Pops Nearly 1% as Rate Cut Chances Drop; Kiwi, Yen Driven by Brexit Deal Hopes
The Asia Pacific currencies were active last week with strong gains posted by the Australian and New Zealand Dollars. The price action was primarily driven by domestic economic data and central bank comments. The Japanese Yen inched higher, but for the most part, provided stability during a week that featured low volatility. Brexit and U.S.-China trade relations were the catalysts driving the movement. The Australian Dollar was pressured early last week as the lack of clarity over the partial deal between the U.S. and China dampened the optimism generated when the agreement was first announced on Friday, October 11. ... (full story)
