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<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-fed3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>Minutes from FOMC&#821

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<p>Bank of Japan Governor Ueda resorting to the four-letter word on policy … 'hope':</p><ul><li>Hopes Japan's economy can balance rises in wages and &amp; inflation</li><li> Wages and inflation rising in a balanced manner could prompt firms to invest in equipment and research &amp; de

<p>This from about two weeks ago:</p><ul><li><a href="https://www.forexlive.com/centralbank/morgan-stanley-predict-the-federal-reserve-may-not-cut-interest-rates-until-june-20231220/" target="_blank" rel="follow" data-article-link="true">Morgan Stanley predict the Federal Reserve

<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>Apollo Global Management Chief Economist Torsten Slok says he expects interest rates to remain higher for the next several years.</p><p>He spoke with Bloomberg TV. </p><ul><li> “Maybe the Fed swung the pendulum too much in the dovish direction,”</li><li>Fed pivot has eased financial conditions dram

<p>There are a couple of significant expiries to take note of on the day, as highlighted in bold.</p><p>The first ones being for USD/JPY at the 143.85 and 144.00 levels. It looks like flows are returning quickly to markets upon the new year and with the pair racing higher in the last two days, the expiries […]

<p>That's a nod to fit what is expected from the German state readings as outlined <a href="https://www.forexlive.com/news/heads-up-germany-states-cpi-readings-due-later-today-20240104/" target="_blank" rel="follow">here</a>. It is an early indication from Germany's industrial state, so we&#

<p>The dollar has made some decent strides this week but faced a bit of a setback overnight when 10-year Treasury yields were rejected at the 4% mark. That is perhaps a sign that the moves this week have been somewhat corrective only and not quite a change up in the trend from over the last […]