Blogs

<p>BlackRock Chief Investment Officer of Global Fixed Income Rick Rieder was interviewed on CNBC, some of his main points:</p><ul><li>Inflation is coming down, the data is clear on inflation</li><li>The narrative of the economy falling off a cliff, that we're moving to a recession and the Feds have to start

<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>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>There are a couple to take note of for the day, as highlighted in bold.</p><p>The first ones are for EUR/USD at 1.0825 and 1.0860, which could keep price action more contained during the session in and around the expiries. That being said, a more risk-off push in broader markets could yet underpin the dollar further […]

<p>The dollar continues to keep steadier in the new day, following a decent showing in trading yesterday. The changes are light and more delicate, as traders are still eyeing the bigger risk events coming up in the days ahead and next week. The aussie is the laggard and most notable mover, after the RBA kept […]

<p>The pair is down 0.6% on the day to 0.6582 currently with the aussie lagging against the rest of the major currencies bloc, after the <a href="https://www.forexlive.com/centralbank/reserve-bank-of-australia-leaves-the-cash-rate-unchanged-at-435-as-expected-20231205/" target="_blank" rel="follow">RBA kept

<p>The policy path by the BOJ right now is rather clear. They kicked the can down the road to next year's spring wage negotiations, in hopes that the stronger wages outcome there will provide them with a springboard to begin scaling back on ultra easy policy. But as inflation starts to show signs of moderating, […]

<ul><li><a href="https://www.forexlive.com/centralbank/rbi-intervention-to-sell-us-dollars-against-inr-20231205/">RBI intervention to sell US dollars against INR</a></li><li><a href="https://www.forexlive.com/centralbank/audusd-is-lower-after-the-rba-on-hold-policy-decision-and-less-hawkish-rhet

<p>China Caixin Services PMI for November 2023</p><ul><li>expected 50.8, prior 50.4</li></ul><p>Key points from the report:</p><ul><li>Business activity and new orders increase at quickest rates in three months </li><li>Confidence around the year-ahead improves </li><l

<p>Australian balance of payments, current account balance for Q3 2023 has come in at a shock deficit of A$0.2bn</p><ul><li>vs. expected surplus A$3.2bn, prior $7.7bn</li></ul><p>Net exports contribution to Q3 GDP -0.6%, much worse than expected</p><ul><li>expected -0.2%, prior +0.8%</l