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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 yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows…

Australian November 2024 Building Permits -3.6% m/m expected -1.0%, prior +4.2% +3.2% y/y prior +6.1% Private sector houses fell 1.7% (prior -5.2%), to 9,028, while private sector dwellings excluding houses fell 10.8%, to 5,285. This article was written by Eamonn Sheridan at www.forexlive.com.

Not seeing much news on the yen at all, apart from what has already been posted. There is some news about on Nippon Steel: The firm’s CEO says we believe a fresh review by new CFIUS members under the incoming US administration could lead to a better understanding…

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British Retail Consortium (BRC) data for December 2024: Total sales +3.2% y/y, biggest jump since March 2024 November was -3.3% Note, Black Friday fell in the BRC’s December period in 2024 and in November in 2023, distorting year-on-year comparisons Like-for-like sales +3.1% y/y November -3.4% Summary: Black Friday…

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North Korea launched a missile yesterday: North Korea has fired another ballistic missile South Korea media reporting today that another is planned ahead of January 20. This article was written by Eamonn Sheridan at www.forexlive.com.

TD Securities with a controversial view: “We don’t think that local politics are driving CAD all too much.” Sheesh … the jump for CAD was pretty clearly related to the news of Trudeau to resign. Anyway. More. TD says it remains bearish on CAD, despite Trudeau leaving office:…

Snippet of info from Goldman Sachs. Their projection for Federal Open Market Committee (FOMC) rate cuts this year: now expect 75 basis points of cuts in 2025 down from projecting 100 GS say they see underlying inflation trending lower GS add that they are skeptical that Trump’s likely…