RBA Keeps Policy Unchanged at 0.25%, Signals to Buy Australian Government Securities
The RBA kept its official cash rate at a record-low 0.25% and reaffirmed its 0.25% target for the yield on three-year government bonds, as it weighs the economic impact of tougher lockdown measures to contain the coronavirus in the southeastern state of Victoria.
Strong Economic Data dents Safe-Haven Appeal of JPY, AUD Likely to Stay High on Weak USD
The Japanese yen (JPY) witnessed a downtrend against other Asia-Pacific currencies in the early hours of the Asian session today, following a global boost in manufacturing data. The yen, often sought after as a safe-haven currency in turbulent times, lost its luster as positive global economic metrics pointed to increased investor confidence.