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>Advice for the BOJ from the Organisation for Economic Cooperation and Development (OECD), the OECD 2024 report on Japan.</p><p>Says that if inflation stays around its 2% target and is accompanied by sustained wage growth:</p><ul><li>Bank of Japan should gradually raise short-term interest rates</li><l

<p>South Korea’s central bank has held its benchmark seven-day repurchase rate steady at 3.50%. Its been 3.5% now since January of 2023.</p><ul><li>South Korea’s headline monthly inflation averaged 3.6% in 2023</li><li>down from 5.1% in 2022</li><li>The bank expects inflation to ease further and avera

<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>Japanese FX reserves have jumped higher in December.</p><p>When the yen was dropping sharply in 2023 there was near-constant questioning on possible Bank of Japan intervention to proper up the currency. In a nutshell this would have involved selling USD/JPY. Such intervention doesn't come free of charge. As I posted <a

<p>Due to African Swine Fever. </p><p>-</p><p>I'm posting this as it may have implications for pork prices, and thus the rate of inflation, in China. I suspect any impact will be balanced by an increase of imports from elsewhere but, disclaimer, I'm no China pig importing expert! </p><p>We get the

<p> US Consumer Price Index (CPI) figures are due on Thursday, January 11 at 1330 GMT, which is 0830 US Eastern time.</p><ul><li><a href="https://www.forexlive.com/news/preview-what-to-look-for-in-the-december-us-cpi-report-20240110/" target="_blank" rel="follow" data-article-link="true&

<p>While the jump in exports and the huge beat for the trade surplus is welcome, the collapse in imports is troubling.</p><p>Slowing imports are often taken as a sign of a weakening economy, with less demand for yummy imported goods and services.</p><p>Import values fell, driven by a decline across:</p><ul>

<p>Bloomberg news with the report, citing information its seen from the US National Security Council (NSC)</p><ul><li>President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine</li><li>White House seek

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/yields-lower-as-the-wait-continues-ahead-of-the-us-cpi-data-20240111/">Yields lower as the wait continues ahead of the US CPI data</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-villeroy-reaffirms-commi