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Chinese defence minister placed under investigation for corruption.
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,...
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RBNZ Gov says it’s a misunderstanding that RBNZ projections show slower pace of rate cuts
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,...
RBNZ Monetary Policy Statement Media Conference – live link
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 January- October industrial profits -4.3% y/y
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What is the Reserve Bank of New Zealand even doing? This is a horror ‘typo’/link
This is weird. I posted the RBNZ rate cut decision, it was published on time and kudos to all involved. I then tried to access the statement and meeting record on the Bank's website and, well, that wasn't smooth at all. I could access the site but the statement and...
PBOC sets USD/ CNY mid-point today at 7.1982 (vs. estimate at 7.2535)
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New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
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Reserve Bank of New Zealand cuts cash rate by 50bp, as expected
Reserve Bank of New Zealand In summary from the statement: The Monetary Policy Committee (MPC) has reduced the Official Cash Rate (OCR) by 50 basis points to 4.25%.Inflation: Annual inflation has decreased and is near the 1–3% target midpoint. Inflation expectations...
Revision to New Zealand data will show growth hasn’t been as weak as previously estimated
Stats NZ have released a preview od GDP revisions to be published on December 19. Westpac summary:The key points are as follows (note that slight further revisions to the numbers below are possible before their formal release): • Real GDP growth (using the...
Australian monthly CPI (October) 2.1% y/y (vs. 2.3% expected)
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Australian data – Q3 Construction Work Done +1.6% q/q vs. 0.3% expected
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PBOC is expected to set the USD/CNY reference rate at 7.2535 – 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...
Australian construction work data due at the bottom of the hour – what to expect
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Australian CPI due at the bottom of the hour – what to expect and why its not official
Snippet preview via Commonwealth Bank of Australia:We anticipate headline CPI inflation remained at 2.1%/yr in October. While a soft monthly outcome a year ago makes it hard for the annual rate to remain low, we expect a further fall in electricity prices to weigh on...
Intervention effort – South Korea pension fund selling dollars, buying won in recent weeks
South Korea's National Pension Service (NPS) has been selling dollars in the onshore foreign exchange market in recent weeks, helping limit losses in the won as the dollar strengthens. Reuters citing according to two sources familiar with the matter.As the world’s...
Trump to appoint Jamieson Greer as US trade representative
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Deutsche Bank base case is now for a higher Fed terminal rate than previously expected
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BoE Lombardelli – need more evidence of cooling price pressures before another rate cut
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