The RBA is back in action this month and things are certainly getting quite interesting for Australia's central bank. We've gone from thinking about rate cuts to rate hikes now. So, the question is will the RBA acknowledge those developments? And if so, what sort of...
RBA decision coming up, previews – on hold but hawkish
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ForexLive Asia-Pacific FX news wrap: Kanda ignites USD/JPY jump
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Heads up for CAD traders – BoC’s Rogers speaking on Tuesday
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Japan chief cabinet secretary Hayashi has no comment on currency intervention
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Federal Reserve Bank of Minneapolis President Neel Kashkari speaks on Tuesday
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Bank of England Financial Policy Committee member Hall speaks on Tuesday
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USD/JPY to a fresh session high
USD/JPY jumped earlier on comments from Kanda pointedly not responding to Yellen - tensions are evident in the intervention realm:USD/JPY shot up to around 154.25/30 before retracing all of its gain ... and has since shot even higher, circa 154.40+ as I post....
Australian Q1 Retail sales -0.4% q/q vs. -0.2% expected
more to comeAustralian Q1 Retail sales -0.4% q/q vs. -0.2% expected and +0.3% priorThe sustained high cash rate and cost of living pressures are weighing on Australian spending. Despite the RBA holding the cash rate high, inflation is showing a tendency to be sticky...
PBOC sets USD/ CNY central rate at 7.1002 (vs. estimate at 7.2143)
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ICYMI – EU proposes sanctions on Russian LNG – would hit about a quarter of revenues
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Bank of England preview – on hold in May with expectations firming for a June rate cut
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Japan Jibun Services PMI for April 2024: 54.3 vs. prior 54.1
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PBOC is expected to set the USD/CNY reference rate at 7.2143 – 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...
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Reserve Bank of Australia preview – more hawkish
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Wall Street Journal reports Apple is developing AI chips for data centres
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Japan’s Kanda says no comment on Yellen’s comments on FX
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UK Barclay card data shows annual growth in consumer spending weakest since February 2021
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Reports now that the assassination attempt on Saudi Crown Prince is fake news
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