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JPY has added to its post-FOMC gains in Asia trade. it’s a Japanese holiday today, which has thinned out liquidity, along with Japanese news and data. EUR/JPY is down 200 points from its high during Asia yesterday: I’m reluctant to pick a bottom (and get smelly fingers!), but…

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People’s Bank of China sets its Loan Prime Rates (LPR) unchanged, as expected. the one year remains at 3.1% the five year remains at 3.6% Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. This…

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…

The Federal Reserve maintained its key interest rate on Wednesday, as policymakers grapple with an evolving economic landscape marked by slowing growth, persistent inflation, and external price pressures. Forexlive Americas FX news wrap 19 Mar: Fed keeps rates unchanged. See two cuts in 2025 Nick Timiraos has his…

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Australian dollar marked lower on the jobs drop: Employment Change -52.8K … very ugly expected +30K, prior +44K Full-Time Employment -35.7K prior +54.1K Part-Time Employment -17.1K prior-10.1K Unemployment Rate 4.1% expected 4.1%, prior 4.1% Participation Rate 66.8% expected 67.3%, prior 67.3% *** Well, that is a terrible result…

Over the past year or so we’ve had more or less steady gains in employment. Prior to this, the employment gains were more volatile. I took to looking at the unemployment rate instead, which was on a falling trend (its since turned higher, but not by too much).…

Between August 2024 and January 2025, Australia’s labour market demonstrated consistent growth and resilience. Here’s an overview of the key results during this period:​ August 2024: Unemployment Rate: Remained at 4.2%​ Participation Rate: Held steady at 67.1%​ Employment: Increased to 14,458,600​ September 2024: Unemployment Rate: Remained at 4.2%​…