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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). …
At a glance: Commerzbank says UK-EU rapprochement optimism is premature Single-market access would require slow, conditional concessions Danske Bank sees sterling’s recent gains as overdone …
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that …
At a glance: Goldman stays modestly pro-risk for 2026, but expects lower returns than recent years Tailwinds shift: less monetary impulse, more fiscal/regulatory support AI …
At a glance: Japan household spending rose 2.9% y/y in November Far above expectations for a decline Monthly spending jumped 6.2% m/m BOJ recently lifted …
Just a post noting this data release. Japanese Household Spending +6.2% m/m expected +2.7%, prior -3.5% I’ll be back with detail in a separate post. …
At a glance: Musk says China will dominate AI compute via power scale Electricity, not chips, seen as key AI bottleneck China cites infrastructure and …