Blogs

<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>Trade data from China's General Administration of Customs today contained the numbers for oil imports last year.</p><ul><li>crude imports hit 11.28 mln bpd, +11% y/y</li><li>up from a previous record of 10.81 million bpd in 2020</li><li>thus imports hit a record high</li></ul><p

<ul><li><a href="https://www.forexlive.com/centralbank/federal-reserve-bank-of-minneapolis-president-neel-kashkari-speaks-on-the-economy-friday-20240112/">Federal Reserve Bank of Minneapolis President Neel Kashkari speaks on the economy Friday</a></li><li><a href="https://www.forexlive.com/news/

<p>If you've been following along on the news on China and Taiwan you'll know that a stated goal of Chinese Communist Party Chairman Xi Jinping is to take over Taiwan. He emphasises this from time to time by firing off missiles at the tiny neighbouring country. </p><p>While there are many issues of importance to Taiwanes

<p>Japan chief cabinet secretary Hayashi:</p><ul><li> Japan supports US and Allies decision to secure safety of vessels, when asked about US and UK strikes against Houthi forces</li><li>Japan condemns acts by Houthi forces that violate free passage of vessels around Arabian peninsula</li></ul><p>

<p>China's December Trade Balance (in yuan terms CNY) is a surplus of 540.9bn</p><ul><li>prior surplus, in November, was 490.8bn</li><li>Exports +3.8% y/y in December, prior +1.7%</li><li>Imports +1.6% y/y in December, prior +0.6%</li></ul><p>In US dollar terms, the trade balanc

<p>We had inflation data earlier, showing further deflation:</p><ul><li><a href="https://www.forexlive.com/news/china-december-cpi-03-expected-04-20240112/" target="_blank" rel="follow" data-article-link="true">China December CPI -0.3% y/y (expected -0.4%)</a></li><

<p>Inflation data from China for December 2023</p><p>Very weak numbers, deflation y/y and barely positive m/m. </p><p>Monthly PPI -0.3%</p><ul><li>prior -0.3%</li></ul><p>China's consumer prices extended their decline for a third month. Factory gate prices (PPI) drive home the p

<p>Martin Luther King, Jr. Day is on Monday January 15.</p><p>US stock exchanges are closed (New York Stock Exchange, Nasdaq Stock Market are the big 2)</p><p>Bond markets are closed, as recommended by the Securities Industry and Financial Markets Association (SIFMA)</p><ul><li>All SIFMA holiday recom

<p>US President Biden:</p><ul><li>US military forces together with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands successfully conducted strikes against a number of targets in Yemen used by houthi rebels</li><li>These strikes are in direct response to Houthi attacks again