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<p>1400 GMT/0900 US Eastern time: Speech by Executive Board member Philip Lane, the European Central Bank's chief economist</p><ul><li>he is speaking at the "The euro area outlook" seminar organised by the Economic and Social Research Institute (ESRI) in Dublin </li><li>Lane's speech will be f

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>The bottom line of the assessment from UBS on the Bank of Japan policy meeting and lack of change is spot on, analysts saying its not a smart move to get too excited about the Bank of Japan taking action. </p><p>After two years of teasing from the BOJ one can only concur. </p><p>UBS says the […]

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>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

<p> The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to +0.30% in November from -0.39% in October.</p><ul><li>Leading Index growth rate lifts to +0.30%. </li><li>

<p>Japan trade data November 2023, the first fall for exports in three months. Both exports and imports dropped much more than was expected. </p><p>More:</p><p> Exports to Asia -4.1% year/year</p><ul><li>To China -2.2% year/year</li><li>To the US +5.3% year/year</li><li>To the

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/uk-november-cpi-39-vs-44-yy-expected-20231220/">UK November CPI +3.9% vs +4.4% y/y expected</a></li><li><a href="https://www.forexlive.com/news/first-boe-rate-cut-now-priced-in-for-may-next-year-20231220/">First

<p>European stocks have pared earlier gains with most regional indices now marginally lower. UK stocks remain the exception with the FTSE 100 being up 0.6%, helped out by the softer inflation report earlier today. Meanwhile, S&amp;P 500 futures are down 0.2% as US futures are also looking rather tepid on the session.</p><p>You

<p>10-year UK gilt yields are down 8 bps currently to around 3.572%, leading the fall in global bond yields on the day. 10-year Treasury yields are also seen down a little over 3 bps to 3.892% and contesting the lows for the year currently. It all comes after the softer UK inflation data earlier today […]

<p>That comes after the softer-than-expected UK CPI data today, with the firm anticipating the BOE to keep with a 25 bps rate cut per meeting starting from May 2024 until the bank rate reaches 3% in May 2025.</p> This article was written by Justin Low at www.forexlive.com.