Blogs

Yen Leads Dollar Higher as Risk Rebound Lost Steam

Forex

<p>Dollar and Yen recover mildly today as risk appetite somewhat lost steam again. Australian and New Zealand Dollar turn softer. The pattern of risk-on risk-off is rather common in corrective markets. There are signs of improvements regarding the coronavirus pandemic. But with over 2 millions accumulated infections and 126k deaths, the road

PBOC may cut its MLF rate on Friday

Forex

China Securities Journal piece saying the People's Bank of China may lop 20bps off the rate for medium term lending facility funds – on Friday, 17th April. Note that on Friday 200bn yuan of MLF mature. Its more or less a given that the PBOC will roll this amount (or more) with a fresh MLF&nbsp; […]

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