People’s Bank of China with another lowering of the onshore yuan USD/CNY highest (i.e. CNY lowest) since early Jan 2017) PBOC inject 30bn yuan through 7-day reverse repos in open market operations (OMOs) today
Goldman Sachs says it remains ‘comfortable’ with its call for 5 more hikes – 2 more than priced – through the end of 2019 Reuters headline on GS view for the Fed
Bostic in Georgia ForexLive
Comments from Bank of England Governor Mark Carney in New York No comments on the outlook or rates here, sorry GBP traders. ForexLive
More from Cunliffe Speaking the obvious here. ForexLive
The minutes of the September 26 FOMC meeting – Gradual approach balances risk of going too fast and too slow – Almost all policy makers considered it appropriate to remove reverences to monetary policy being accommodative in statement. The market is seeing the minutes as hawkish on first blush. Here’s what Morgan Stanley said before…
The USD traded up and up and up overnight, USD/CNY not getting left behind by the PBOC today with a weakening for the onshore yuan … a big one! Earlier:
What to watch for The FOMC minutes are among the most-overrated releases out there. Generally the trade is to fade any significant move because what’s said in the minutes is always far more nuanced than the headlines.
Bank of Japan Governor Kuroda Speaking to a branch manager meeting K’s remark on inflation around 1% … that doesn’t sound great given the target is 2%, but it is a higher rate than the BOJ is accustomed to.
Back below 4% The Atlanta Fed is out with their latest estimate for US 3Q GDP. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is