Month: July 2018

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  PBOC sets USD/ CNY central rate at 6.7066 (vs. yesterday at 6.6914)

  And there it is, 6.7 for the reference rate (and change) -   In Open Market operations, PBOC to:net 70bn yuan added ForexLive
  2018-07-24 10:09:06

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  US Beige Book: US economy continued to expand over the last few weeks.

  Beige book: ForexLive
  2018-07-24 10:09:06

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  Stick this in the mix on the labour market - Nike to raise pay

  Is this a sign of wage pressures rising? I guess it is at the margin, but do read on - Nike will raise salaries for[...]
  2018-07-24 07:28:57

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  NZD traders: NZ government might loosen its budgetary rules before next election

  New Zealand's acting Prime Minister Winston Peters said yesterday it would be premature to make changes to the Budget Responsibility Rules at present - But[...]
  2018-07-24 07:28:57

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  The IMF has issued a 1 million % inflation forecast. Srsly.

  For Venezuela. IMF says inflation in the country will hit 1,000,000% by the end of the year IMF cite government money printing to paper over[...]
  2018-07-24 07:28:57

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  After yesterday's extraordinary JGB buying, what to expect (& when) next from the BOJ

  At yesterday's preannounced Japanese Government Bond buying operation the Bank to the extra step of: -   It came after JGB yields moved higher on[...]
  2018-07-24 07:28:57

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  China's foreign minister has no idea how the yuan exchange rate is set

  Yesterday a China foreign ministry spokesman said "The exchange rate of China's RMB is determined by the market. There are ups and downs. It's a two-way[...]
  2018-07-24 07:28:57

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  Stick this in the mix on the labour market - UK PM May plans to announce wage hikes

  The UK press reports (via unnamed sources) that UK Prime Minister plans to hike wages for over a million public sector workers - May to drop[...]
  2018-07-24 07:27:06

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  Australia weekly consumer sentiment: 118.9 (prior 121.5)

  Weekly ANZ-Roy Morgan Australian Consumer Confidence has been wobbling more or less sideways the past few weeks   A bit of a bigger dip this[...]
  2018-07-24 07:27:06

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  The yuan drop is due to USD strength. Nope, wrong.

  Hi again everyone. I have been posting on this the past few weeks Trying to correct a clear mistake I see spouted on the internet[...]
  2018-07-24 07:27:06

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