China Foreign Minister Wang Yi: under the joint efforts of both sides, China-Australia relations have stabilised, improved and developed Hopes Australia will provide a fair, just and non-discriminatory business environment for Chinese enterprises to invest and operate...
PBOC sets USD/ CNY reference rate for today at 7.1318 (vs. estimate at 7.1453)
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...
China CASS says economic stimulus should be boosted by around US180bn by increased deficit
Nikkie (Japanese press) on the call from the Chinese Academy of Social Sciences earlier this week to expand the budget deficit by at least 1.3 trillion yuan ($182 billion) this year to fund more economic stimulus. CASS called for stimulus measures such as distributing...
Former BOJ Director Hayakawa expects the Bank to tweak YCC at the July meeting
Hideo Hayakawa is a Senior Fellow at Tokyo Foundation for Policy Research and a former Bank of Japan Executive DirectorHe says he is expecting another tweak to yield curve control at the b-jj meeting on July 27 and 28thinks widening the band around zero for the 10...
PBOC is expected to set the USD/CNY reference rate at 7.1453 – Reuters estimate
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...
[속보] 7월 마감 임박 지원금!! 취약계층 28~44만원!! 놓치면 아까운 지원금, 주민센터 신청 지급!!]]#3.1경제독립tv
https://www.youtube.com/watch?v=HDcrSkleNwU [속보] 7월 마감 임박 지원금!! 취약계층 28~44만원!! 놓치면 아까운 지원금, 주민센터 신청 지급!!]]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다!...
Singapore Q2 GDP +0.3% q/q (vs. 0.3% expected) (preliminary data)
The Advance, or preliminary, reading for economic growth in Singapore for the April to June quarter of 2023+0.3% q/qexpected 0.3%, prior -1.6%+0.7% y/yexpected 0.6%, prior 0.4%The +0.3% q/q has meant Singapore does not drop into recession (2 consecutive quarters of...
New RBA Governor announced to replace Lowe: Michele Bullock
Reserve Bank of Australia Governor Lowe finishes his term in September. Australian Prime Minister Albanese and Treasurer Chalmers have announced the new Governor at a press conference.Current Deputy Governor Michele Bullock has been appointed as the new head of the...
More from Fed’s Waller – September is a live meeting for a rate hike
Federal Reserve Board Governor Christopher Waller speaks on his economic and policy outlook before the Money Marketeers of New York University.From the Q&A now: September is a live meeting for monetary policy Biggest shock is job market, economy strength in face...
ANZ revise their RBA peak rate forecast to 4.1% (from 4.35%)
ANZ was forecasting a peak rate at 4.35% but have revised that forecast to 4.1%. ANZ say that instead of another hike the RBA will hold the cash rate at 4.1% for longer.ANZ:While it’s possible the Reserve Bank could hike in August, on balance we think an extended...
Announcement of the next RBA Governor is coming at 7.40pm NY time (2340 GMT)
Australian Prime Minister Albanese and Treasurer Chalmers will hold a press conference at 7.40pm ujset2340 GMT9.40am Sydney timeTo announce who will be the next Reserve Bank of Australia Governor. Three front runners are said to be deputy Reserve Bank Governor Michele...
Japanese media report the BOJ is likely to raise its FY2023 inflation forecast above 2%
Yomiuri with the report on the Bank of Japan. The Bank meet on July 27 and 28 and will revise forecasts at this meeting. Can the bank hold off from further tweaks to YCC if they expect the CPI to hold above target? The Bank has been insistent they see CPI falling from...
Fed’s Waller says he is in favour of raising the Fed Funds rate at the July FOMC meeting
Federal Reserve Board Governor Christopher Waller speaks on his economic and policy outlook before the Money Marketeers of New York University.Headlines via Reuters: Favors raising rates at the July Federal Open Market Committee (FOMC) meetingIncreasingly confident...
Deutsche Bank forecast an even higher EUR/USD, say 1.2 at year end is possiible
George Saravelos is global co-head of FX research at Deutsche Bank. This from a note to clients on the US dollar. I haven't seen the note so this from news wire reports about the place. USD to weaken through 2024 and into 2025EUR/USD forecast is 1.15 by end-2023, and...
Oxford Economics says a US recession is likely, S&P 500 unlikely to climb above 2022 high
Oxfor Economics on the US economy and benchmark index S&P500, in brief:US recession still looks likelythe Fed's chances of creating a soft landing for the U.S. economy is fuelling bullish sentiment see an economic slowdown starting later this year, this will stop...
JPM forecast Brent oil to $86 at the end of 2023
JP Morgan on oil, expecting the price to rise. JPM pointing to inventories beginning to draw down as a key factor now at the amrgin. see Brent higher, in the $80s, during the July - September quartersee Brent finishing the year at $86-Overnight re Russian production...
ICYMI – China’s exports and imports in June fell more than expected
An ICYMI if you are watching developments in China's economy. Another sign of softness was the June trade data released yesterday:China's exports fell In June month at their fastest since the onset of the pandemic three years ago. Weaker global demand was cited in...
Australia media report that Reserve Bank of Australia Governor Lowe will no be reappointed
Reserve Bank of Australia Governor Lowe's term finishes up in September. He is seeking reappointment. Local public broadcaster ABC says he will not be reappointed. The Australian Federal government Cabinet is expected to meet this morning to decide on his replacement....
Forexlive Americas FX news wrap 13 Jul: USD continues its drop helped by PPI
The USD fell sharply to the downside today with the greenback falling the most vs the NZD (-1.59%), the AUD (-1.49%) and the GBP (-1.15%). The declines were fueled by more tame inflation data. Pipeline producer prices inched up 0.1% in June, with the annual increase...
JP Morgan maintains a bearish outlook on EUR/USD, targeting 1.05 (before 1.2 in 2024)
JP Morgan EUR/USD, Key Points: 1. European Growth Data Loses Momentum: The weakening trend in European growth data continues to intensify and extend, manifesting increasingly in hard data and bolstering JP Morgan's bearish narrative on the euro. Despite this, the...