Key economic indicators from China for March 2024. Plenty of misses here, not a good report. Urban Jobless Rate 5.2%expected 5.2%, prior 5.3%Property Investment YTD -9.5% y/yexpected -9.2%, prior -9.0%Residential Property Sales YTD -30.7% y/yprior -32.7%Industrial...
China Q1 2024 GDP growth 5.3% y/y (expected +5.0%)
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,...
Chinese state banks are in the spot market seen selling dollars for CNY
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 March new house prices -0.3% m/m (prior also -0.3%)
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PBOC sets USD/ CNY mid-point today at 7.1028 (vs. estimate at 7.2475)
The 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...
USD rising in Asia morning trade, adding to its gains on Monday
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Japan chief cabinet secretary Hayashi – Prepared to take all measures on fx
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Fed’s Daly getting with the jargon now, says doesn’t know if r* has risen
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PBOC is expected to set the USD/CNY reference rate at 7.2475 – 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...
Fed’s Daly says inflation bumps along the way are not particularly surpsising
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S Korean Vice Finance Minister says will take immediate bold measures against excess moves
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Japan finance minister Suzuki is closely watching FX moves
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Iran’s foreign minister says willing to exercise restraint
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3 Chinese asset managers have received initial approval to offer BTC & ETH backed ETFs
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Australia weekly consumer confidence survey +1.6 points on the week to 83.5
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ICYMI – S&P rating agency has downgraded another Chinese property developer
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China’s Foreign Minister expresses support in phone call with Iranian counterpart
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Stop with the USD/JPY Numberwang intervention level guesses – do this instead
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,...
Fed rate cut expectations – Société Générale expect no interest rate cut in 2024
Société Générale has revised its forecasts for the Federal Open Market Committee (FOMC), now see no cut in Fed Funds until 2025:SG cite continued strong US economic data helping to fuel continued above target inflation"Consumer prices picked up significantly in the...