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- Asian session: Yen fell
Asian session: Yen fell
Yen fell as the Japanese finance Minister today let slip that he was not very confident Japan won't go back to deflation.
The Aussie dollar fell as China's consumer price index rose 2.3% in February from a year earlier, quicker than a 1.8% year-over-year increase in January, data from the National Bureau of Statistics showed, with rising food prices among the main factors pushing up the index. The rise in the key inflation gauge exceeded a median 1.9% gain forecast by 17 economists in a survey by The Wall Street Journal.
The New Zealand dollar plunged Wednesday after the Reserve Bank of New Zealand cut its official cash interest rate by 25 basis points to 2.25%. Most analysts believed the RBNZ would opt to leave rates on hold in March, though many expected a cut would follow some time this year.
EUR/USD: during the Asian session the pair fell to $1.0970
GBP/USD: during the Asian session the pair fell to $1.4185
USD/JPY: during the Asian session the pair rose to Y113.80
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