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PBOC sets USD/ CNY reference rate for today at 7.1456 (vs. estimate at 7.1965)

July 21, 2023

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 …

Central Banks

MUFG see support for the AUD ahead of an RBA August rate hike (hike is not a done deal)

July 21, 2023

MUFG on the Reserve Bank of Australia and the Australian dollar. Analysts there rightly point out that Q2 inflation data next week (due July 26) …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1965 – Reuters estimate

July 21, 2023

Yesterday’s reference rate was set more than 700 points from the expected, on the side of a much stronger yuan. I did a double take …

Central Banks

USD/JPY is dribbling a little lower after the Japanese June inflation figures

July 20, 2023

USD/JPY is sliding a little, its moving under 140.00 more convincingly following the inflation data a few minutes ago: Japan June CPI, headline +3.3% y/y …

Central Banks

Japan June CPI, headline +3.3% y/y (expected +3.5%)

July 20, 2023

The data is: final Japan inflation report before next week’s BOJ meeting The two core measures are both as expected. USD/JPY is barely changed. These …

Central Banks

Former Japan Yen intervention boss – BOJ won’t tweak yield curve control (YCC) next week

July 20, 2023

Mitsuhiro Furusawa is a former Japan vice minister of finance for international affairs. He now heads the Institute for Global Financial Affairs at Sumitomo Mitsui …