Really? recovery can’t be sustained without positive credit Governing council member on Bbg
China aims for reasonable, balanced exchange rate global markets arent stable yet global market turbulence means China needs caution China can speed up reform if global markets stabilize will move to interest rate liberalization wants to have policy rates to … Continue reading
The trade data is here: China trade balance for June: +$31.60 bn (vs. expected +$36.95bn) Via Reuters comes this from Li Huiyong, an economist at Shenyin & Wanguo Securities in Shanghai: Said exports should support China’s growth in the second … Continue reading
Some news from Korea today in the wake of them leaving interest rates unchanged earlier, Comments from head of the central banK: Says downside risk to economy bigger than upside risk 2014 GDP growth, inflation forecasts downgraded Thursday’s rate decision … Continue reading
I posted these to Twitter as they came out … be sure to be following @ForexLive! China trade balance for June: +$31.6 bn expected +$36.95bn, prior was $35.92bn Exports: +7.2% y/y expected +10.4%, prior was +7.0% Imports: +5.5% y/y expected … Continue reading
China trade balance due at 0200GMT
Prior close 6.1999 PBOC to drain 10bn yuan today via 28-day repos, but will inject a total of 50bn yuan for the week vs 55bn last week – Significant strengthening of the yuan from the PBOC the past two days. … Continue reading
I had the headlines earlier: Federal Reserve likely to raise rates sooner than investors expect Sees 3% growth rate through the rest of this year Ssays markets should heed Fed’s grwoth forecasts Unemployment could fall below 6% in the next … Continue reading
Comments in London: Council united in commitment to using “unconventional instruments” if needed Exchange-rate behavior among threats to prices Similar stuff to the ECB press conference but it’s a reminder of just how dovish the ECB is.
The initial FX reaction to the FOMC minutes suggested a hawkish turn from the Fed but there isn’t much there. Here are three reasons to have bought the US dollar after the news but it’s arguable whether any of them … Continue reading
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