Blogs

<p>On Wednesday in China:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-pboc-to-cut-reserve-requirement-ratio-by-50bp-from-5-february-20240124/" target="_blank" rel="follow" data-article-link="true">ICYMI – PBOC to cut reserve requirement ratio by 50bp fro

<p>To the extent that tax cuts put more money in consumer pockets they will increase demand and add to inflationary pressure. </p><p><a href="https://www.forexlive.com/centralbank/jp-morgan-remains-positive-on-the-australian-dollar-cite-rba-tax-cuts-20240125/" target="_blank" rel="follow">JP Mor

<p>Société Générale:</p><p>As usual, the January meeting is unlikely to deliver any policy changes or major policy messages, involving instead a reflection on the year ahead. </p><p>In light of our slightly weaker inflation forecasts, we have moved our first rate cut to September, but there is high uncertainty as regar

<p>China Securities Daily with an article today following the People's Bank of China's RRR cut yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-pboc-to-cut-reserve-requirement-ratio-by-50bp-from-5-february-20240124/" target="_blank" rel="follow" data-articl

<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 "What Do Firms Tell Us About the Inflation Outlook?" article is interesting:</p><ul><li>The Reserve Bank’s liaison program collects information from firms in Australia about current economic conditions and their expectations for future conditions, including their own prices. Firms’ observations provide a tim

<p>JP Morgan still favours the Australian dollar despite the difficult beginning to the year for AUD:</p><ul><li>"price action has admittedly disappointed thus far into 2024"</li></ul><p>JPM lay out their reasoning (this in summary):</p><ul><li>Reserve Bank of Australia rate hike

<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>Federal Reserve:</p><ul><li> Announces its bank term funding program will cease making new loans as scheduled on March 11</li><li>Adjusts interest rate on new BTFP loans to be no lower than interest rate on reserve balances on day loan was made</li><li>New rate on BTFP loans effectively increases r

<p> Singapore's central bank, the Monetary Authority of Singapore, meets on January 29:</p><ul><li>widely expected to leave its monetary policy unchanged this month and hold off from easing its settings until it sees more evidence that inflation is falling consistently</li><li>All 13 analysts polled by Reute