Is the yen due for a pullback against its major counterparts? Our Event Guide for the June BOJ decision suggests the central bank will likely keep policy steady while maintaining its hawkish tilt. But with global trade tensions and tariff uncertainty back in the mix, Gov. Ueda and his team might shift focus toward growth rather than pushing…
Its to review anti-competition law is the word. I imagine topics such as Trump tariffs and the Middle East may very well come up also. —- The China NPC Standing Committee meeting refers to a session held by the Standing Committee of the National People’s Congress (NPC) — the top legislative body in China. It’s the permanent body of…
NZD/USD remains silent amid escalating geopolitical tensions in the Middle East. China’s Retail Sales advanced 6.4% YoY in May, against the expected 5.0% rise. Business NZ PSI fell to 44.0 in May from April’s 48.1, marking its lowest level since June 2024. NZD/USD holds gains following the release of mixed economic data from China, trading around 0.6020 during the…
Central banks take center stage this week as the Fed, BOE, BOJ, and SNB update their policies, while safe haven flows continue to stir up global rate expectations.
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). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently…
AUD/USD extends the decline to 0.6485 in Monday’s early Asian session. Heightened geopolitical tensions in the Middle East underpin the US Dollar and create a headwind for the pair. China’s Retail Sales and Industrial Production will be in the spotlight on Monday. The AUD/USD pair weakens to 0.6485 during the early Asian session on Monday. Escalating geopolitical tensions in the…
UK Rightmove House Prices for June 2025: -0.3% m/m, compared with a typical 0.4% rise for the usual month of June +0.8% y/y, smallest annual rise since August 2024 Rightmove commentary: “It appears that we’re now seeing the decade-high level of homes for sale, and the recent stamp duty increases in England, have a delayed impact on new sellers’…
South Korea Trade Balance remains unchanged at $6.94B in May
The People’s Bank of China Friday announcement: to inject 400 billion yuan into its banking system via outright reverse repos on June 16 six months tenor Last week the Bank injected 1 trillion yuan in reverere repos in the 3-month tenor the injections aim to offset the record 4 trillion yuan in interbank negotiable certificate of deposit (NCD) maturities…
Pound Sterling corrects sharply against US Dollar amid Iran-Israel conflict The Pound Sterling (GBP) underperforms against its major peers on Friday, except for antipodean currencies, as market sentiment turns risk-averse amid escalating geopolitical tensions in the Middle East. Israel has announced a war against Iran after striking dozens of targets in the northeast region of Tehran, including nuclear facilities…
