Blogs

<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 latest official CPI data from Australia was very welcome indeed, showing sharp falls for both headline and core inflation rates:</p><ul><li><a href="https://www.forexlive.com/news/australian-q4-headline-cpi-41-yy-vs-43-expected-20240131/" target="_blank" rel="follow" data-article-link=

<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>Out a few minutes ago from Japan:</p><ul><li><a href="https://www.forexlive.com/news/japan-december-industrial-production-preliminary-18-mm-vs-expected-24-20240130/" target="_blank" rel="follow" data-article-link="true">Japan December Industrial Production (preliminary) +1.8%

<p>Bank of Japan Summary of Opinions report from the monetary policy meeting on the 22nd and 23rd of January:</p><ul><li> One member said BOJ must patiently maintain monetary easing under ycc</li><li>One member said positive wage-inflation spiral must strengthen further, wage growth must clearly exceed 2%, for ja

<p>There is just one to take note of on the day, as highlighted in bold.</p><p>That being for USD/CAD at the 1.3400 mark. So far, bids at the figure level are also playing a role in limiting the recent downside in the pair. As such, the expiries will add to a defensive layer in keeping price […]

<p>The dollar is keeping steadier so far this week, even with falling Treasury yields at play. 10-year yields are now down to 4.015%, looking set for a third straight daily decline. It has even fallen back below the 200-day moving average of 4.089%, yet the dollar remains unfazed. It seems like traders are more inclined […]

<p>In case you missed the data: <a href="https://www.forexlive.com/news/australian-q4-headline-cpi-41-yy-vs-43-expected-20240131/" target="_blank" rel="follow">Australian Q4 headline CPI 4.1% y/y vs 4.3% expected</a></p><p>This has seen the Australian dollar fall on the day, with AUD/USD d

<p>Here is the breakdown of the index's components:</p><ul><li>Overall livelihood: 36.5 (previously 35.7)</li><li>Income growth: 39.7 (previously 39.6)</li><li>Employment: 42.9 (previously 42.8)</li><li>Willingness to buy durable goods: 32.8 (previously 31.4)</li></ul> Thi

<ul><li><a href="https://www.forexlive.com/news/irans-un-envoy-warns-any-attacks-will-be-met-with-response-20240131/">Iran's UN envoy warns any attacks will be met with response</a></li><li><a href="https://www.forexlive.com/news/goldman-sachs-liking-chinese-equites-citing-valuations-bargai