Good morning everyone, There are many events on the calendar to watch for today. For the eurozone we have the French industrial production m/m and it's also the services PMI release day for the eurozone. In the U.S. we’ll get the final services PMI, the ISM Services...
ForexLive Asia-Pacific FX news wrap: China announces expected ‘around 5%’ 2024 GDP target
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More on Japanese government ministers deny thinking of calling end to deflation
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Bank of Japan Governor Ueda spoke on Central Bank Digital Currency
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Why the Fed won’t cut rates in 2024: US economy not slowing, Fed tailwind since December
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Suspected China state-backed buying to prop up stock markets
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ISM Services data due from the US on Tuesday – range to expect
ISM services is due at 10 am US Eastern time. This snapshot from the ForexLive economic data calendar, access it here.The range of expectations for this is 51.0 to 54.3.Keep an eye on any services inflation information in this release, while goods prices have been...
Why central bank rate cuts will be at a slower pace than rate hikes were
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Federal Reserve Vice Chair for Supervision Michael Barr is speaking twice on Tuesday
As a member of the Board of Governors at the Fed Barr has a permanent vote on the Federal Open Market Committee (FOMC). 1700 GMT / 1200 US Eastern time: Federal Reserve Vice Chair for Supervision Michael Barr participates virtually in a panel:"CRA Modernization: A...
China February Services PMI 52.5 (prior 52.7)
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China’s Premier Li says the foundation of China’s economic recovery is not yet solid
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PBOC sets USD/ CNY central rate at 7.1027 (vs. estimate at 7.1961)
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AMD said to have ‘hit a roadblock’ in selling an AI chip tailored for China
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Japan data – Jibun Bank Services PMI (final for February) 52.9 (prior 53.1)
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China says will keep the yuan exchange rate basically stable
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Australia data – Q4 2023 Current account balance smashes higher than estimates
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China warns of “worst case” scenario for economy
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PBOC is expected to set the USD/CNY reference rate at 7.1961 – 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...
New Zealand data – ANZ Commodity Price Index for February +3.5% m/m (prior +2.2%)
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