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I posted earlier on the data from New Zealand showing not quite as bad economic contraction as expected. But, still contraction: New Zealand Q2 GDP -0.2% q/q (expected -0.4%) Responses: What’s coming up from the Reserve Bank of New Zealand after the weak NZ GDP dataNew Zealand GDP…

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…

New Zealand Q2 GDP -0.2% q/q (expected -0.4%) I posted the summary take from ANZ New Zealand here: expect the RBNZ to deliver 25bp cuts at each meeting More now, via Reuters. This from ASB, who stick to their call for the Reserve Bank of New Zealand cut…

The only news of note has been the rate cut from the US Federal Open Market Committee (FOMC) on Wednesday: Just waking up? Here’s the short summary of Wednesday’s FOMC rate cutForexlive Americas FX news wrap 18 Sep: Fed starts rate cuts with a 50 bp cut Lower…

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…

The latest from the Australian Bureau of Statistics for the Labour Force report, August 2024. Employment +47.5k expected +25.0k, prior +58.2k Unemployment Rate 4.2% expected 4.2%, prior 4.2% Participation Rate 67.1% expected 67.1%, prior 67.1% Full Time Employment -3.1k prior + 60.5k Hours worked +0.4% m/m and +1.7%…

The USD is trading higher across the major FX board. Its particularly notable against the JPY. USD/JPY is around 143.90, from lows in the session earlier aroudn142.00! The dollar weakened in the lead up to the FOMC and has strengthened since. ‘Buy the fact’ indeed. This article was…

The Bank of England meets today, Thursday, September 19, 2024. Decision due at 1100 GMT 0700 US Eastern time I posted a preview earlier here: BoA anticipate the Bank of England (BoE) will maintain Bank Rate at 5.0% at meeting today TD is also tipping an on hold…

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