Category Finance

South Korea’s finance minister Choi Sang-mok said the government will closely coordinate with the central bank and regulators to deploy contingency plans for financial markets if needed as external uncertainties persist after the Fed lowered interest ratesalso said he expects South Korea’s household debt growth to gradually easebut…

The data from NZ earlier is here: New Zealand Q2 GDP -0.2% q/q (expected -0.4%) Via ANZ New Zealand, their take (in summary): The New Zealand economy contracted 0.2% q/q in Q2 on a seasonally adjusted basis … above the RBNZ’s forecast of -0.5% q/q.Despite an upward surprise…

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Bank of England meets today, Thursday, September 19, 2024: 1100 GMT is 0700 US Eastern time — The below is the eFX summary of a note via Bank of America on the Bank of England and GBP For bank trade ideas, check out eFX Plus. For a limited…

New Zealand economic growth data for the April to June quarter of 2024 NZD/USD is around 0.6219, not a lot of change on this result. – New Zealand’s economy contracted in Q2 retail trade and accommodation, agriculture, forestry, and fishing and wholesale trade slowed The Reserve Bank of…

The bill was to fund the government for 6 months. Its failed. There are 12 days until the government shuts down. Reuters: The Republican-controlled U.S. House of Representatives on Wednesday voted to defeat a stopgap government funding bill brought forward by Republican Speaker Mike Johnson, as some members…

You’ll notice that the HKMA base rate is slightly above the Fed Funds rate. The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below. The Hong Kong Monetary Authority (HKMA) adjusts…

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China took action against nine U.S. military-affiliated companies on Wednesday in response to U.S. arms sales to Taiwan, freezing their assets within China. This move is the latest effort to increase pressure on the United States to cease its weapons sales to the island. Organisations and individuals within…

The jobs market report for August is due today from the Australian Bureau of Statistics: 11.30 am Sydney time0130 GMT2130 US Eastern time As you’ll see in the screenshot below, the previous month’s report, July, showed another huge gain in jobs, carrying on the trend of strong employment…