UK inflation the main highlight of the agenda today
Major currencies are looking rather muted and understandably so. Today will be more of a placeholder trading day with it being a US holiday. That makes for kind of a…
Read More »RBA leaves cash rate unchanged at 4.35%, as expected
Prior 4.35% Inflation has fallen substantially since its peak in 2022 Conditions in the labour market eased further over the past month But it is tighter than is consistent with…
Read More »BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker
BOJ may raise rates to 0.5% by end of next year That is if economy and prices move in line with forecasts BOJ likely to forgo raising rates in July…
Read More »UBS now sees the Fed only cutting interest rates in December
According to UBS: “The data is going to need to change a lot of minds to bring people back to cutting in September, and start doing so in the next…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2558 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Japan finance minister Suzuki crossing the news wires, doesn’t mention the yen
Japan finance minister Suzuki says important we continue efforts to achieve fiscal health usage of frozen Russian assets needs to be in compliance with international law. And that’s it so…
Read More »Far-right movement makes waves in Europe over the weekend
The French president decided to call a snap election in a last ditch effort to try and salvage the situation. Marine Le Pen’s National Rally faction looks set to win…
Read More »ForexLive Asia-Pacific FX news wrap: Waiting for the non-farm payroll report (NFP)
China May trade data: USD denominated exports +7.6% y/y (beat) and Imports +1.8% (miss) Stellar line up of ECB speakers Friday – Lagarde, Schnabel, Holzmann China small and medium-sized banks…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2436 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Dollar faces pressure as data talks once again
The report here was softer than estimated, with prices paid also easing back from April. The positive for the dollar? Employment conditions are still holding up well but that’s about…
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