Expectations for a PBOC reserve requirement ratio cut Friday
Earlier this week ANZ was out with a forecast for a 50 basis point cut in the RRR, or a targeted MLF. (MLF is a medium term lending facility –…
Read More »PBOC promises to protect consumers as China Evergrande teeters
Original source: https://www.investing.com/news/stock-market-news/china-evergrandes-electric-car-units-shares-tumble-23-after-warning-2626821
Read More »Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook
USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data…
Read More »Eyes on the USD/CNY reference rate setting after yesterday’s PBOC yuan
Yesterday a PBOC Dep Gov said 2-way fluctuation of the yuan will become a new normal The comments followed a bot more of a muddled message from the boss, when…
Read More »Events to Look Out for Next Week
Holiday-thinned staffing in Europe, Asia and the US in the end of the week ahead will severely curtail trade, though what this means for volatility is anyone’s guess. The most…
Read More »FX Update & CAD Retail Sales Preview
NZDUSD, H1 Currencies have largely remained within recent ranges. Risk appetite picked up during the European morning, which saw the Dollar bloc currencies lift. Asian stock markets lifted after starting…
Read More »Events to Look Out for Next Week
The focus should now shift back to Brexit developments since in the ongoing EU-UK negotiations there is still no breakthrough with the ‘final final’ deadline coming next week, while the…
Read More »The People’s Bank of China USD/CNY reference rate is expected at 6.6698
The mid-rate will be set at 0115GMT by the PBOC. Yuan has been strengthening since May:
Read More »Events to Look Out for Next Week
A busy week starts quite early with ECB President Lagarde and BoE Governor Balay speaking Sunday evening. The uncertain second US Presidential debate will be the highlight next week as…
Read More »PBOC to lower FX risk reserve ratio to zero, effective from Monday
The People’s Bank of China (PBOC) will slash its reserve requirement ratio (RRR) to zero for some forex exchange forwards trading, effective from Mond
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