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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 the value of the yuan to fluctuate within a certain range, called…

Trudeau gone, Carney says he thinking about stepping up to be PM: This article was written by Eamonn Sheridan at www.forexlive.com.

Canada’s federal government is weighing early release of a proposed list of American goods that would be targeted by retaliatory Canadian tariffs if Trump hits Canada with tariffs. Report comes via Canadain media (gated) This article was written by Eamonn Sheridan at www.forexlive.com.

USD/JPY has hit highs above 158.40. I don’t know how effective verbal intervention will be, but Japanese authorities will give it a shot regardless. This article was written by Eamonn Sheridan at www.forexlive.com.

Japan finance minister Kato more to come This article was written by Eamonn Sheridan at www.forexlive.com.

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Officials from: the People’s Bank of China the National Development and Reform Commission of the People’s Republic of China (NDRC) China’s Ministry of Finance Will hold a briefing at 10 am Beijing time on Wednesday, January 8, 2025 0200 GMT 2100 US Eastern time Topics will include: expansion…

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