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Federal Reserve speakers on Friday include Bowman, Kashkari, Logan, Goolsbee, Barr
The times below are in GMT/US Eastern time format. 1300/0900 Federal Reserve Board Governor Michelle Bowman speaks on "Financial Stability Risks: Resiliency and the Role of Regulators" before the Texas Bankers Association Annual Convention1400/1000 Federal Reserve...
USD/JPY on the rise – earlier jaw boning from Finance Minister Suzuki was just the usual
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BoE Chief Economist Pill speaking Firday, dove Dinghra also speaking
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Ex-BOJ Watanabe says Bank of Japan must avoid raising interest rates to combat a weak yen,
Watanabe points to weaker services inflation, which he says suggests sluggish consumption is discouraging firms from hiking prices:"The BOJ is probably hoping that services inflation will strengthen. But the data coming out so far aren't backing up this view," "None...
PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102)
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The US will impose tariffs on EVs from China after review
Bloomberg headline saying Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next weektargeting key strategic sectors (including electric vehicles, batteries and solar equipment) with new imposts***The US slapping tariffs on...
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Heads up for the approaching weekend – China releases April inflation data on Saturday
China CPI and PPI data is due on Saturday, 11 May 2024 at 0130 GMT, which is Friday at 2130 US Eastern time.China has barely crawled out of consumer deflation, but producer prices are still falling, they've done so since October 2022. Trade rebounded in April, imports...
PBOC is expected to set the USD/CNY reference rate at 7.2102 – 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...
Japan’s finance minister Suzuki says is closely watching FX moves
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Japan data – March Household Spending +1.2% m/m (expected -0.3%)
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Goldman Sachs president Waldron is expecting a soft landing for the US economy
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UBS expects US inflation will begin to trend lower soon
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Business NZ Manufacturing PMI (April) 48.9 vs. prior 47.1
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Long list of oil support: risk on, technical, inventory, Mid East, China, restocking
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Analysts tip a June Bank of England rate cut. Or August 😉
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,...
Forexlive Americas FX news wrap 9 May: USD reverses to the downside after weaker claims
The North American session was initially highlighted by the weekly initial jobless claims. They came in higher than expectations at 231K vs 215K estimate. That was thehighest level since November 2023. It is just one week, and the spikes tend to be some funky...
CBA has cut its forecasts for the Australian dollar – central banks key
Commonwealth Bank of Australia forecast for AUD/USD at the end of 2024 is 0.69, down from 0.71 previously. March 2025 forecast is 0.71, from 0.73 previously. CBA cite the interest rate gap, high U.S. bond yields supporting the USD while the Fed remains wary of high...
The Bank of England still has cold feet on rate cuts, reluctant to commit
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,...