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IMF says it expects Japan’s inflation to exceed 2% target until 2025
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AUD/USD extending its losses after lower inflation data
The very welcome lower inflation data is here:The Reserve Bank of Australia target band is 2 - 3 %, so there is still work to be done, the Australian Treasures agreed:Following the data market pricing has shifted to price in a 25bp rate cut in August (from September)....
Treasurer of Australia Chalmers says lower inflation welcome but job not yet complete
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China January Manufacturing PMI 49.2 (vs. 49.2 expected) Services 50.7 (expected 50.6)
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PBOC sets USD/ CNY central rate at 7.1039 (vs. estimate at 7.1727)
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AUD a little lower after encouraging, falling, inflation data
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Australian Q4 headline CPI 4.1% y/y vs 4.3% expected
This data will be very welcome at the Reserve Bank of Australia - headline and underlying inflation both falling in Q4 of 2023.As well as 'trimmed mean' there is another measure of core inflation, the 'weighted median':0.9% q.qvs. 1.0% expected and prior of 1.3%4.4%...
PBOC is expected to set the USD/CNY reference rate at 7.1727 – 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...
Japanese govmt official says January production expected to decline
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USD/JPY back near its overnight low following the latest from the BOJ
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UK businesses confidence at the highest level in nearly two years
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New Zealand data, January business confidence 36.6% vs. 33.2% prior
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BOJ Summary indicates no imminent change of policy
Bank of Japan Summary of Opinions report from the monetary policy meeting on the 22nd and 23rd of January: One member said BOJ must patiently maintain monetary easing under yccOne member said positive wage-inflation spiral must strengthen further, wage growth must...
Japan December Industrial Production (preliminary) +1.8% m/m (vs. expected 2.4%)
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S&P 500 rally to a record high on narrow leadership is “increasing unhealthy” – JP Morgan
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TD Securities suggests automated trading strategies are likely to buy everything this week
Coming up on Wednesday US time are much awaited:Federal Open Market Committee (FOMC) policy decisionDetails of Treasury's coming auction sizesThen on Friday:NFP jobs report for JanuaryTD Securities says the results of all of the above don't matter for the algos,...
ICYMI – China’s industrial profits fell 2.3% in 2023
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SNB head Jordan said Swiss inflation gained in January, but stayed within target range
Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. He also spoke on Monday with broadcaster SRFSome of his remarks ICYMI: “Our expectation is that inflation went up, because of the...