Page 852 – Forex

PBOC is expected to set the USD/CNY reference rate at 7.1524 – Reuters estimate

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 …

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July 31, 2023

Central Banks

Fed’s Kashkari: “If we need to hike- raise rates further from here, we will” – full text

July 30, 2023

Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS News in an interview on Sunday. I posted the main points here earlier: Fed’s Kashkari- …

Central Banks

JPMorgan says they are remaining bearish on the Japanese yen after the BOJ last week

July 30, 2023

JPMorgan affirmed it was remaining with its bearish vioew on the JPY In their note JPM said that while the yen could gain ground to …

Central Banks

ICYMI: ECB’s Nagel says eurozone core inflation is stubborn, need interest rates kept high

July 30, 2023

Germany’s Bundesbank President (and European Central Bank Governing Council member) Nagel is, as you would expect, a persistent hawk. In a statement on Friday, ICYMI: …

Central Banks

US trucking firm ‘Yellow’ shut down Sunday. 30,000 jobs at risk.

July 30, 2023

The Wall Street Journal (gated) reports that Yellow, one of the oldest and biggest U.S. trucking businesses, shut down on Sunday. has more than 12,000 …

Central Banks

ECB’s Lagarde says is wary of a wage-price spiral – “following that very closely”

July 30, 2023

European Central Bank President Lagarde spoke in an interview with French media outlet Le Figaro published on Sunday. In brief: “I hear some people say …