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China property developer Vanke shares plunged – report chief executive has been detained
China Vanke’s Hong Kong-listed shares fell over 8% on Friday following reports that its CEO, Zhu Jiusheng, has been detained by authorities. A Shenzhen government task force has taken control of the state-backed developer’s operations, with reports suggesting a...
Yuan strengthens after the Chinese data came in strong
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UOB on what to watch for a USD/JPY move to 151.80
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Japan fin min Kato says its up to the BoJ to decide monetary policy
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China December: Retail sales +3.7% y/y (exp +3.5%) Industrial output +6.2% y/y (exp +5.4%)
China Q4 GDP +1.6% q/qexpected: 1.6% previous: 0.9%For the y/y +5.4% in Q4China GDP for 2024 as a whole is 5.0% y/y. Easily hitting target. Par for the course for China isn't it?Also, December 2024 data: Industrial Production +6.2% y/y, a strong beatexpected: 5.4%,...
China data due today – expected to meet 2024 GDP target, “but U.S. tariff risks loom”
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China new home prices flat at 0% m/m in December (prior -0.1%)
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Heads up for a US holiday on Monday, January 20 – stock and bond markets closed
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PBOC sets USD/ CNY reference rate for today at 7.1889 (vs. estimate at 7.3275)
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 the value of the yuan to fluctuate within a certain...
Singapore Non-oil Domestic Exports (NODX) December 2024: +1.7% m/m vs. -1.2% expected
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Gaza hostage and ceasefire deal officially signed – but still awaits government vote
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PBOC is expected to set the USD/CNY reference rate at 7.3275 – 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...
Chinese economists forecast 2025 economic growth at a minimum of 4.8%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trump plans to make cryptocurrency a “National Priority” policy upon his inauguration
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US Treasury Secretary Yellen’s computer was infiltrated by Chinese state-sponsored hackers
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Westpac on the Australia dollar: “The exchange rate and the big pivot”
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TD remains bullish on the USD
TD say the U.S. dollar is expected to maintain a strong performance through the first half of the year, supported by a favorable macroeconomic backdrop. The bank's quantitative and macroeconomic framework remains bullish on the dollar relative to G10 currencies, even...
Forexlive Americas FX news wrap 16 Jan: Feds Waller more dovish. Retail sales solid.
The control group of retail sales came in stronger than expectations at 0.7% vs 0.4% estimate which took some of sting out or the headline figure coming in less than expectation at 0.4% vs 0.6%. The control group data is what flows through to the GDP data each...
Wells Fargo revises Fed rate cut forecast amid labor market resilience
Wells Fargo has adjusted its outlook for Federal Reserve policy, citing stronger-than-expected labor market data in recent months. Analysts at the bank now anticipate two 25-basis-point rate cuts from the Federal Open Market Committee (FOMC) in 2025one in Septemberand...