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Japan finance minister Suzuki says its important for currencies to move in stable manner

September 28, 2023

More verbal waffle JPY intervention from Japan. Suzuki declined to comment when asked about the prospects of a ‘rate check’. What’s a ‘rate check’? Glad …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1798 (vs. estimate at 7.3239)

September 28, 2023

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 …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3239 – Reuters estimate

September 28, 2023

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 …

Central Banks

Bank of America, higher US rates still to come?

September 27, 2023

This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. Key Takeaways: 1. US Treasuries as an Attractive Option: …

Central Banks

Fed’s Bowman speaking in New Zealand – no comments on economy nor monetary policy

September 27, 2023

Bowman is speaking on issues unrelated to her economic and policy outlook. I’m not sure if there is a Q&A following, which might bring some …

Central Banks

UBS have slashed their year-end target for EUR/USD to 1.06 (from 1.12)

September 27, 2023

UBS have upgraded their outlook for the USD, citing: elevated growth rates in the US the Federal Open Market Committee (FOMC) signalling higher rates for …