admin – Page 890

US Dollar Finds Traction While China GDP Misses Estimates. Where to for USD?

July 17, 2023

The US Dollar consolidated to start the week while soft Chinese GDP numbers highlight growing concern for the economic recovery there. With the Fed in …

Central Banks

European Central Bank speakers Monday include Lagarde, Lane, Panetta

July 17, 2023

0815 GMT/ 0415 US Eastern time: Pre-recorded welcome address by President of the European Central Bank Christine Lagarde at 9th ECB conference on central, eastern …

Central Banks

Goldman Sachs expects the Bank of England to hike by 50bp at its August meeting

July 17, 2023

UK economists at Goldman Sachs are expecting the Bank of England Monetary Policy Committee to raise the Bank Rate by 50bp at the August meeting …

Central Banks

People’s Bank of China set MLF rate at unchanged 2.65%, as expected

July 17, 2023

People’s Bank of China Medium-term Lending Facility (MLF) PBOC inject 103bn yuan via a one-year MLF at 2.65% 9circa 125bn was expected, prior 237bn injection) …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1326 (vs. estimate at 7.1386)

July 17, 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

ICYMI – BlackRock CEO Fink said US inflation likely to be sticky now, stay above 2% target

July 17, 2023

BlackRock Chief Executive Officer Larry Fink speaking with CNBC on Friday, posting as a catch up. “I think we’ve seen a low in inflation, and …

Market Outlook

Asia Day Ahead: Subdued Start to the Week Ahead of Key China Data

July 17, 2023

Earnings results from major US banks were somewhat mixed to end last week, with the Financial Select Sector SPDR Fund having formed a bearish engulfing …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1386 – Reuters estimate

July 17, 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

Japan finance minister says there was ‘No discussion’ of exchange rates at G7.

July 16, 2023

Japanese Finance Minister Suzuki spoke on Sunday at a news conference alongside Bank of Japan Governor Ueda following the meeting of Group of Seven finance …

Central Banks

Economic calendar in Asia 17 July 2023 – Chinese data and PBOC rate setting

July 16, 2023

From China today we have the People’s Bank of China setting this month’s Medium-term Lending Facility (MLF) rate. In June the PBOC cut the MLF …

Central Banks

Newsquawk Week Ahead: China activity data, PBoC LPR, US retail sales, UK, NZ, & Canada CPI

July 16, 2023

Week Ahead July 17-21st MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Industrial Output(Jun) TUE: RBA Minutes, SARB …