- When to expect the next round of easings in China (spoiler - March)
- Shipping giant Maersk warns port congestion is continuing
- Japan Chief Cabinet Secretary says will quickly consider expanding coronavirus measures
- Federal Reserve speakers coming up on Thursday 13 January 2022
- Chinese vice-premier calls for tougher action in Omicron and Delta coronavirus hotspots
- Indonesia has eased its coal export ban, has allowed 37 coal vessels to depart
- ANZ point to 2 reasons Australian inflation likely to have accelerated further in Q4 2021
- UK job vacancies grew at the slowest pace in eight months in December
- PBOC sets USD/ CNY reference rate for today at 6.3542 (vs. estimate at 6.3465)
- More on the UK parliament committee's 3 concerns on a digital currency (GBP)
- San Fran Fed head Daly says liftoff rate hike could be as soon as March - recap
- China reports 124 locally transmitted coronavirus cases (from previous day's 166)
- China's Dalian City detected 1 Omicron infection - a person arriving from Tianjin
- International Energy Agency says Russia is contributing to an undersupply of gas to Europe
- 3 reasons a UK committee is wary of a digital pound
- Denmark to offer a fourth coronavirus vaccination to the most vulnerable
- Fed's Daly says its time to begin removing some policy accommodation
- Elon Musk says still work to do before TSLA launch in India
- ICYMI - Fed's Bullard is a maybe on 4 rate hikes in 2022
- The forecasts for an imminent Bank of Canada rate hike are getting more numerous
- Morgan Stanley says stay long AUD/NZD - next catalysts for AUD is the RBA meeting
- Tokyo is raising its COVID-19 alert level
- Trade ideas thread - Thursday 13 January 2022
- New Zealand building permits for November +0.6% m/m (prior -2.1%)
- More comments from the White House - says inflation will moderate
- Fed's Brainard says inflation is too high
- White House says supply chain issues are worse than expected
- NASDAQ up for the third straight day
Asia followed up an active FX session in the US where the US dollar declined across the majors’ board with a session of low volatility and small ranges.
On the central bank front we had Federal Reserve Bank of San Francisco President Mary Daly speaking on a public TV interview. Daly said a rate hike from the Fed could come at the March meeting (see bullets above for more). We also saw the release of prepared testimony from Lael Brainard, a member of the Board of Governors of the Federal Reserve System. Brainard is to appear before the US Senate Banking Committee as part of her nomination process as new Vice-Chair of the Fed.
From the People’s Bank of China we had a weaker than expected reference rate set for the onshore yuan (i.e. higher than expected USD/CNY mid-rate).
News flow otherwise was light.
At 10am US ET (1500 GMT) Federal Reserve Board Governor Lael Brainard testifies before a Senate Banking Committee hearing to consider the nomination to be vice chair of the Federal Reserve: