- China says it will not waver from 'zero' Covid policy
- Fidelity Investments plan to allow investors to put bitcoin in their 401(k) accounts
- China official and Caixin PMIs are due over the weekend
- Australian data - Q1 PPI +1.6% q/q (prior +1.3%)
- Australian data - March private sector credit +0.4% m/m (February was +0.6%)
- ICYMI: China will cut coal import tariffs to zero from May 1
- China’s stock clearing agency said it will halve stock transfer fees from Friday
- PBOC sets USD/ CNY mid-point today at 6.6177 (vs. estimate at 6.6127)
- Reminder - its a holiday in Japan today, markets closed
- CBA forecasts the Reserve Bank of Australia will remain on hold next week
- China financial media says the PBOC may cut the RRR twice more this year
- Goldman Sachs on the Federal Open Market Committee meeting next week: +50
- 135 eyed for USD/JPY
- South Korean Vice Finance Minister warns on intervention in the won
- UK data - LLoyds Bank warns further price rises ahead
- ANZ on the BoE and GBP (higher in H2 2022)
- PIMCO on 3 reasons the Bank of Canada is hiking, and what's ahead
- New Zealand April consumer confidence 84.4 (prior 77.9)
- China COVID-19 update: All Beijing elementary/middle school & preschool classes canceled
- Goldman Sachs says the yen is going to fall further, with or without BOJ intervention
- Goldman Sachs first ever lending facility backed by Bitcoin
- Trade ideas thread - Friday 29 April 2022
- Apple EPS comes in at $1.52 versus $1.43
- Apple (AAPL) beats on EPS and revenue, announces will add USD90bn to buyback
- Forexlive Americas FX news wrap: US growth scare after big Q1 GDP miss
There was little fresh news nor data of impact for major forex rates.
It was a holiday in Japan today. There are more next week in both Japan and China (see bullets above).
The Chinese yuan was set lower again at the People’s Bank of China reference rate setting for the day (USD/CNY at its highest since the middle of November in 2020).
Yen had a reprieve, USD/JPY had a dip to under 130.50 briefly but has since come back to be little net changed for the session at around 130.80 or so as I post.
EUR, AUD, NZD, GBP and CAD all traded up against the dollar and all have given most of the small rise back and are also little net changed on the session, up small.
Gold has moved back above US$1900 … well, it had but as I post its dipped back below.
Note, coming up over the weekend:
Offshore yuan sinks further (i.e. higher USD/CNH):
