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ECB’s Nagel: Interest rates must rise further

July 5, 2023

Too early to say how far Wary of proclaiming a new era of high interest rates Price stability won’t come about by itself While hawkish, …

Market Outlook

Crude Oil Range Bound Ahead of OPEC+ Gathering and FOMC Minutes

July 5, 2023

Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes …

Central Banks

Singapore’s central bank head says fight against inflation not over yet

July 5, 2023

Managing Director of the Monetary Authority of Singapore (MAS) Menon says the fight against inflation is not yet over. Comments from Menon and the MAS’ …

Central Banks

European Central Bank speakers on Wednesday, 5 July 2023 include Villeroy, de Cos

July 5, 2023

Members of the European Central Bank Governing Council coming up later include: 1100 GMT/0700 US Eastern time: French central bank head Francois Villeroy de Galhau …

Central Banks

Offshore yuan has weakened after the PBOC set the CNY stronger again

July 5, 2023

The People’s Bank of China set the reference rate stronger than expected for the onshore yuan again today: PBOC sets USD/ CNY central rate at …

Market Outlook

Asia Day Ahead: Focus on FOMC Minutes as US Markets Reopen After Holiday

July 5, 2023

With the US markets back online from the Independence Day holiday, market focus will be on the FOMC minutes ahead. Source

Central Banks

PBOC sets USD/ CNY central rate at 7.1968 (vs. estimate at 7.2180)

July 5, 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

Coming up from the Federal Reserve Wednesday, 5 July 2023: FOMC minutes, Williams speaks

July 5, 2023

The holidays in the US are over on 05 July 2023. Markets return to normal. And, from the Federal Reserve we have, due at 1400 …

Central Banks

Chinese state approved financial media says there is space for more monetary policy easing

July 5, 2023

China’s Economic Information Daily operates under the watchful eye of the Chinese Communist Party. An article in the outlet today cites analysts saying that China …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2180 – Reuters estimate

July 5, 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 …

Forecasts

Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

July 4, 2023

The Canadian dollar’s rise against the US dollar above key resistance points to further gains on improving risk appetite amid resilient global growth, signs of …