PBOC is expected to set the USD/CNY reference rate at 7.2839 – 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 »PBOC is expected to set the USD/CNY reference rate at 7.3121 – 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 »US holiday won’t do markets much good today
The sudden turnaround in the bond market on Friday is definitely a curious one but perhaps it continues the theme from early August. The focus then was on the flood…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2765 – 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 gets knocked off its perch
A couple of poor data points yesterday seemed to be enough to cause some jitters about the US economy. That resulted in a big drop in Treasury yields and that…
Read More »Japan reportedly considers to extend fuel subsidies until year-end
The measure in question is one that is helping to keep gasoline prices below ¥180 a litre and it is being reported taht the government is working on a separate…
Read More »Xi Jinping deep-rooted philosophical objections to Western-style consumption-driven growth
A weekend article in the Wall Street Journal says that Chinese Communist Party Chairman Xi Jinping has deep-rooted philosophical objections to Western-style consumption-driven growth, people familiar with decision-making in Beijing…
Read More »ECB’s Vujcic says eurozone inflation has most likely peaked
Boris Vujčić is Governor of the Croatian National Bank and thus an European Central Bank Governing Council member. He spoke to bgg TV. Snippet: Eurozone economy is basically stagnating Inflation…
Read More »A couple of light releases coming up in Europe today
The dollar is marginally lower as we look towards the session ahead, after some mixed moves in markets yesterday. 10-year Treasury yields broke out to the highest since 2007 but…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.3065 – Reuters estimate
In Chinese media today a report says the People’s Bank of China should use its countercyclical measure to support the yuan. Yesterday the People’s Bank of China signalled very clearly…
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