Category Finance

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A…

Reserve Bank of Australia Financial Stability Review, September 2024. Headlines via Reuters: The Australian financial system is resilient, and risks are contained.Risks include stress in China’s financial sector and a lack of significant response from Beijing.Low global risk premia and high leverage increase the danger of a disorderly…

We had the minutes of the Bank of Japan July meeting earlier, confirming board members want to continue along the rate hike path, albeit at a measured pace. JPY found some bids, with useyn dipping to lows around 144.45. Since then its bounced back, highs have been around…

China more to come This article was written by Eamonn Sheridan at www.forexlive.com.

The China stimulus announcement on Tuesday continues to make waves: BCA suggest that the stimulus announced from China is 1990s Japan all over againEyes on China to boost the … euroUBS analysis predicts market support from October stimulus; Renminbi hedging recommendedUBS is forecasting Brent crude oil back to…

U.S. Treasury Secretary Janet Yellen is speaking before the 2024 Treasury Market Conference on Thursday, September 26, 2024. scheduled for 1120 US Eastern time (this is 1520 GMT) The event is hosted by the Federal Reserve Bank of New York. Yellen was Federal Reserve Chair prior to current…

The times below are listed in US Eastern time / GMT format: 0930/1330 Welcome address ECB President Christine Lagarde at the 8th annual ESRB conference “New Frontiers in Macroprudential Policy” in Frankfurt0945/1345 Keynote speech by ECB board member Claudia Buch at the same conference 1015/1415 Participation by ECB…

Commonwealth Bank of Australia rgue that the RBA’s latest household consumption forecasts, updated in August, “look too rosy”. CBA point to the 1.1% rebound in household consumption the RBA is projecting, and argue: This represents a significant increase compared to the 0.3% growth seen in the first half…

Bank of Japan July meeting minutes, full text here. Members shared a view over the need for vigilance to the risk of inflation overshoot.Many members said it was appropriate to raise rates to 0.25%, adjusting the degree of monetary support.A few members said it was appropriate to adjust…

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