- EUR/USD, cable trading circa Friday's highs
- Over the weekend Shanghai revealed a 50 item plan to help revive the city's economy
- BOJ Gov Kuroda says again - will continue with monetary easing to assist economic recovery
- PBOC sets USD/ CNY mid-point today at 6.7048 (vs. estimate at 6.7101)
- More from RBNZ's Conway - sees lower domestic inflation in H2 of 2022
- PBOC reference rate setting due soon - expected mid-point is 6.7101
- RBNZ head economist says committee did not seriously consider a 75bp interest rate rise
- Australian Q1 GDP (due Wednesday) to be weak, but the rest of 2022 - robust expansion
- Analyst says RBNZ cash rate will peak at 3.5%, no need to go to 4%
- Newsquawk Week Ahead Highlights: US NFP, ISM; China PMI; EZ CPI; BoC, OPEC+
- UK Times says up to 6m households facing blackouts - coal power asked to remain open
- Goldman Sachs sees price drops ahead for cobalt, lithium and nickel
- Putin admits he is open to resuming dialogue with Ukraine
- Trade ideas thread - Monday 30 May 2022
- China coronavirus - lockdown restrictions slowly being eased back in Beijing, Shanghai
- Weekend - EU failed to agree on an embargo of Russian oil
- Monday morning open levels - indicative forex prices - 30 May 2022
- China coronavirus - Shanghai reports Covid-19 case outside quarantine area
- China Opens Exchange Bond Markets to Overseas Investors
- "Peak interest rates may be lower than expected as growth slowdown looms"
- China property sector train wreck rolls on: Evergrande to roll defaulted debt to new bonds
- Russia paid coupons in foreign currency on 2 Eurobonds - may have averted default.
ForexLive Asia-Pacific FX news wrap: Ongoing USD slide
Forex news for Asian trading on Monday 30 May 2022
We had a decent tailwind bid to carry the risk trade higher here to open the week in the Asia-Pacific session. In summary the USD traded lower. Trading higher were:
- equities (US futures, Japan, Hong Kong)
- AUD, NZD … pretty much all the majors vs. The USD
- BTC (BTC/USD traded back to USD30K)
Data flow was zero during the timezone.
In the news were improving indications out of China. Reopening moves are consolidating despite the occasional outside-quarantine case of coronavirus. Of course, the virus remains a risk but for today the sentiment was positive:
Reminder – its a US holiday today, CME times:
Cash US stockmarkets are closed.