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Category: Central Banks

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Morgan Stanley revised its USD/yuan projection to 7.35 by mid-2025 (prior 7.5)

Posted onMarch 27, 2025

I posted on Morgan Stanley boosting its China view earlier: Morgan Stanley upgrades China equities – both mainland and Hong Kong Adding a little more …

Forex Short News
Central Banks, Forex Short News

PBOC sets USD/ CNY reference rate for today at 7.1763 (vs. estimate at 7.2728)

Posted onMarch 27, 2025

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). …

Forex Short News
Central Banks, Forex Short News

PBOC is expected to set the USD/CNY reference rate at 7.2728 – Reuters estimate

Posted onMarch 27, 2025

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 …

Forex Short News
Central Banks, Forex Short News

Westpac sees April RBA meeting as ‘dead rubber’, still eyes May rate cut

Posted onMarch 26, 2025

Westpac economists are confident the Reserve Bank of Australia will leave the cash rate unchanged at its next policy meeting on 1 April, describing the …

Forex Short News
Central Banks, Forex Short News

BOC Minutes: Would probably have left rates unchanged if not for tariff risks

Posted onMarch 26, 2025

Generally agreed that new data had shifted the balance, with somewhat less risk of lower inflation outcomes Would probably have left rates unchanged if not …

Forex Short News
Central Banks, Forex Short News

Musalem cracks open the door to Federal Reserve rate hikes

Posted onMarch 26, 2025

The Fed’s Musalem is a hawk so it’s not shocking that he is mentioning rate hikes but it’s the first utterance of the H-word in …

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Central Banks, Forex Short News

Fed’ Musalem: Risks that inflation will stall above 2% or move higher has increased

Posted onMarch 26, 2025

St. Louis Fed’s Musalem: Risks that inflation will stall above 2% or move higher in the near term appear to have increased Patience with current …

Forex Short News
Central Banks, Forex Short News

Atlanta Fed GDPNow growth estimate will -1.8%, unchanged from previous estimate

Posted onMarch 26, 2025

The Atlanta Fed GDPNow growth estimate for Q2 growth came in at -1.8%, unchanged from the previous estimate. In their own words: The GDPNow model …

Forex Short News
Central Banks, Forex Short News

Fed’s Kashkari: This is the most-dramatic shift in sentiment outside of the covid era

Posted onMarch 26, 2025

There is a lot of uncertainty about tariffs A lot of the sentiment shift is about tariffs It’s conceivable the hit to confidence could be …

Forex Short News
Central Banks, Forex Short News

ECB’s Villeroy: Trump tariffs would have limited impact on euro area inflation

Posted onMarch 26, 2025

A 25% increase in US tariffs in Q2 would have limited impact on euro area inflation But it could reduce GDP by 0.3% over the …

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