Central Banks

CNY

I posted very early this morning on the warning issued by the US National Hurricane Center (NHC): Oil traders heads up – NHC issues forecast Gulf of Mexico hurricane That’s being cited in various reports for the oil price jump we’ve had since: I’m not going betting the farm on hits, as I said in…

Chinese inflation data, both CPI and PPI, for August 2024. The m/m PPI is -0.7% (prior -0.2%) The CPI is a slight miss on both the y/y and m/m. But the PPI is a shocker of a miss on both. Real rates in China re weighing on demand. And yet the People’s Bank of China…

The 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 plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate…

JPY

JPY

JPY

Japan Chief Cabinet Secretary Hayashi Monetary policy should be considered, judged by BOJ, when asked about market expectations of further rate hikes by BOJ I remember BOJ governor Ueda has already said, with some conditions, BOJ is ready to go in that direction If economic situation requires stimulus, I would prefer increasing expenditure, payouts rather…

RBC has been looking for a rate cut from the Reserve Bank of Australia at the May 2025 meeting, citing: inflation in Australia remaining elevated, above RBA target slower growth not a reason for the RBA to cut this year RBA didn’t hike as much as the Fed or ECB so the RBA easing path…