Safe-haven currencies out of favour on stimulus hopes, focus on Huawei

TOKYO (Reuters) – Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank’s interest rate reforms over the weekend that are expected to lower corporate borrowing costs, and reports of new […]

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Kiwi, Aussie tumble, yen rises on RBNZ rate cut shock

TOKYO (Reuters) – The Aussie and kiwi dollars skidded to multi-year lows on Wednesday after New Zealand’s central bank shocked markets by flagging the chance of negative interest rates, sending safe-haven assets soaring. Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr made the comments after the central bank stunned traders by cutting interest rates a larger-than-expected 50 basis points […]

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