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Tamura says BoJ must raise short-term interest rates to at least 1% by the H2 fiscal 2025
Bank of Japan board member Naoki Tamura spoke today: BOJ’s Tamura makes his case again for faster interest rate hikes His comment on getting rates to 1% is catching headlines: short-term interest rates shouldd be raised to at least 1% by the second half of fiscal 2025 to…
Read MoreUS government vessels to sail free through Panama Canal
AP had the news: The United States says that its government vessels would be allowed to sail for free through the Panama Canal, following heavy pressure from President Donald Trump. “US government vessels can now transit the Panama Canal without charge fees, saving the US government millions of…
Read MoreFed’s Jefferson says happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson: need to look at the totality of the net effect of the Trump administration’s influence on policy goals happy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impacts even if the…
Read MorePBOC sets USD/ CNY mid-point today at 7.1691 (vs. estimate at 7.2535)
Earlier on China: JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60% JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in *** People’s Bank of China USD/CNY reference rate. The People’s Bank of China…
Read MoreBOJ’s Tamura makes his case again for faster interest rate hikes
Bank of Japan more to come This article was written by Eamonn Sheridan at www.forexlive.com.
Read MoreCompanies start counting potential costs of Trump’s tariffs
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Read MoreNothing from Bank of Japan Board Member Tamura Naoki yet
I haven’t seen anything on the BoJ website nor on the news wires from Board Member Tamura Naoki yet. Here’s a yen update while we wait: This article was written by Eamonn Sheridan at www.forexlive.com.
Read MoreAustralian December trade surplus comes in at AUD5085mn, below estimate of AUD7000mn
Australian Trade Balance (MoM) (Dec) 5,085mn expected 7,000mn, prior 6,792mn Imports (MoM) (Dec) +5.9% prior +1.4% surge in imports of capital equipment, oil products and consumption goods Exports (MoM) (Dec) +1.1% prior +4.2% gains in iron ore exports *** AUD down a few tics only: AUD is being…
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