Month: July 2018

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  PBOC sets USD/CNY central rate at 6.6497 (vs. yesterday at 6.6157)

  Huge chop to the price of the onshore yuan from the People's Bank of China today This is a big move today, the Bank taking[...]
  2018-07-03 07:27:05

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  Reuters report the Bank of Japan is likely to cut its inflation forecasts

  I posted earlier on the heads up for the BOJ meeting and Outlook report: Reuters reporting similar just now, citing three unnamed sources Bank of[...]
  2018-07-03 07:27:05

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  Australia Building permit approvals for May: -3.2% m/m(expected 0.0% m/m)

  Australia Building approvals for May -3.2% m/m … miss - expected 0.0% m/m, prior -5.0% +3.1% y/y … miss - expected +9.9% y/y, prior +1.9%[...]
  2018-07-03 07:27:05

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• 
  USD a little stronger (except against the yen now)

  USD/JPY had popped 111 earlier, trying the level for the second day in a row  But now the yen is regaining its losses while other[...]
  2018-07-03 07:27:05

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  RBA announcement due soon - levels to watch in the AUD

  The Reserve Bank of Australia July monetary policy announcement and statement is due at 0430GMT on July 3 2018 Earlier previews: For levels into the[...]
  2018-07-03 07:27:05

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• 
  PBOC vice gov says is confident can maintain a basically stable yuan

  OK so some People's Bank of China jaw boning now that the CNY and CNH (onshore and offshore yuan) have dropped down a mine shaft[...]
  2018-07-03 07:27:05

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  NZ finmin Robertson remarking now on poor NZ business confidence

  Trying to talk it up, says there is more to the economy than one survey  This comes after the latest series of sliding business confidence[...]
  2018-07-03 07:27:05

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  Looks like intervention spotted in the yuan - big Chinese state-owned banks acting

  Reuters  with the report of intervention efforts   - Major state-owned Chinese banks swap yuan for USD in forwards market - selling USD in spot[...]
  2018-07-03 07:27:05

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• 
  An ICYMI on oil - Libya declared force majeure on some of its supplies

  Overnight news on oil, Libya suspended exports from two of its key facilities - All oil exports from Libya's eastern al-Hariga and Zweitina seaports have been[...]
  2018-07-03 07:27:05

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  Oh, while I'm posting on oil - stay tuned for the inventory data (big draw expected)

  We get the private survey oil stock data on Tuesday out of the US Not until 4.30 pm New York time, so maybe have a[...]
  2018-07-03 07:27:05

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