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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 trade data for February 2025 Australia trade balance for February 7.46bn AUD surplus expected surplus 5.6bn AUD prior surplus 5.62bn AUD exports -3.6% m/m prior +1.3% imports +1.6% m/m prior -0.3% more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Reserve Bank of Australia Financial Stability Review: US tariff uncertainty poses substantial headwinds to global growth. Tariffs could have a chilling effect on business investment and consumer spending. Risk of disorderly correction in global asset prices, putting pressure on non-bank lenders. Hedge funds particularly vulnerable to repricing of…

Japan’s services sector stagnated in March, with the Jibun Bank / S&P Global Services PMI falling to 50.0 matching the neutral level that separates growth from contraction from February’s 53.7 better than the earlier flash estimate of 49.5 The data suggests that momentum from earlier in the year…

JPMorgan economists cautioned on Wednesday that the sweeping tariff measures announced today could significantly disrupt U.S. economic momentum, raising the risk of a near-term recession. On a static basis, the newly unveiled policy is estimated to generate just under $400 billion in revenue — equivalent to roughly 1.3%…

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