PBOC expected to set USD/CNY reference rate for today at 7.2482
The PBOC is expected to set the Yuan the point at 7.2482 per USD according to Reuter esimate. Yesterday they set the reference rates at 7.1966 This article was written…
Read More »Gold (XAU/USD) Slips After the PBoC Step Back from Buying for the Second Month
The price of gold slipped Monday after data showed that the People’s Bank of China (PBoC) left its gold reserves untouched in June.
Read More »China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
For the y/y data: CPI +0.3% continuing to claw its way out of deflation this is the third consecutive month of above zero CPI y/y expected +0.2%, prior +0.1% PPI…
Read More »Gold Price Forecast: XAU/USD holds below $2,030 ahead of the PBoC rate decision
Gold price (XAU/USD) drifts lower to $2,027 during the early Asian session on Monday.
Read More »Major Shift at Ant Group as PBOC Confirms End of Jack Ma’s Control
Original source: https://www.investing.com/news/stock-market-news/major-shift-at-ant-group-as-pboc-confirms-end-of-jack-mas-control-3264890
Read More »Events to Look Out For Next Week
Welcome to our weekly agenda, our briefing of all the key financial events globally. With the ongoing firmness in inflation globally and the more hawkish central bank outlooks, the bearish…
Read More »Heads up for the People’s Bank of China interest rate setting due Tuesday 20 December 2022
<p>The PBOC will be setting rates for one- and five-year Loan Prime Rates (LPR) on Tuesday around 0115 GMT. </p><p>After the rate on the MLF issued last week by the…
Read More »PBOC expected to set Yuan midpoint at 6.9604
<p>The PBOC is expected to set yuan midpoint at 6.9604. That is just a smidgen higher than the prior day 6.9600. </p> This article was written by Greg Michalowski at…
Read More »Australian Dollar Eyes PBOC Rate Cuts Amid Protracted China Power Woes
The Australian Dollar is facing increased headwinds as China’s power crunch worsens. A PBOC rate cut expected today may not offer much relief to AUD/USD.
Read More »Events to Look Out for Next Week
The Banks so far have done the expected and hiked rates while sticking to the scenario that further modest tightening may be warranted in the coming months. Clearly the global…
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