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China Q4 GDP +1.6% q/q expected: 1.6% previous: 0.9% For the y/y +5.4% in Q4 China GDP for 2024 as a whole is 5.0% y/y. Easily hitting target. Par for the course for China isn’t it? Also, December 2024 data: Industrial Production +6.2% y/y, a strong beat expected:…

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…

Info via politics website Axios: The deal between Israel and Hamas to release hostages being held in Gaza and begin a ceasefire was officially signed by negotiators in Doha on Thursday, according to two sources familiar with the issue. But the Israeli government isn’t expected to vote on…

Singapore’s non-oil domestic exports (NODX) +1.7% m/m in December 2024 expected -1.2%, prior +14.7% +9.0% y/y expected +7.8%, prior+3.4% Non-oil domestic exports to the United Sates, Taiwan, Malaysia and Japan increased in annual terms in December, while shipments declined to China and the European Union *** Singapore’s Non-Oil…

We get the 2024 Q4 data today: Economic calendar in Asia 17 January 2025 – December and Q4 data due from China Meanwhile, China Securities Times has surveyed economists: forecast 2025 GDP growth of at least 4.8% Of course, if you are an economist in China you have…

Bloomberg (gated)with the info. In brief: US Treasury Secretary Janet Yellen’s computer was infiltrated by Chinese state-sponsored hackers, who accessed unclassified files. fewer than 50 files accessed the hackers also breached the computers of two of Yellen’s top aides I(Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad…

A Bloomberg (gated) report. The main points are Trump plans to designate cryotpcurrency as a national priority an “executive order expected to create a crypto advisory council” “stopping federal crypto litigation” Its no secret that Trump is seen as a positive for crypto. Prices surged after the election.…

TD say the U.S. dollar is expected to maintain a strong performance through the first half of the year, supported by a favorable macroeconomic backdrop. The bank’s quantitative and macroeconomic framework remains bullish on the dollar relative to G10 currencies, even as short-term positioning and valuations appear stretched.…

An extended note from Luci Ellis, Chief Economist Westpac Group, Westpac. In brief: A depreciating exchange rate sometimes gets interpreted as a ‘vote of no confidence’ in that economy or currency. In fact, it is often a necessary and welcome shock absorber. future growth in export volumes is…

A fellow at crypto think tank Coin Center filed suit against U.S. Attorney General Merrick Garland on Thursday, seeking a judge’s guarantee that the Department of Justice (DOJ) will not be able to prosecute his forthcoming crypto project for violating money transmitting laws in the future. The lawsuit,…