St Louis Fed president James Bullard still commenting in Singapore – Now must decide whether or not to go further – Fed keeping an eye on international developments ForexLive
Comments by ECB member Vitas Vasiliauskas Earlier in the day, the IMF cut its global growth projections for the first time since 2016 . here
China are well and truly back from their week long holiday, they returned yesterday with more stimulus announcements and a cut to the price of the onshore yuan
The People’s Bank of China allows the onshore yuan to fluctuate plus or minus two percent from this this mid rate each session The Bank taking the CNY a little weaker again today, highest for USD/CNY since mid-March of 2017
Speaks on importance of Education in the economy Although speaking on importance of education in the economy, the Fed’s Harker (dove) did sneak a comment about the labor market saying that there is very little slack left in the US labor market.
Head of the New York Federal Reserve branch John Williams speaking from Indonesia today – sees ‘very strong’ labor market, no signs of greater inflationary pressure Nothing much to here to surprise nor rattle markets from Williams. he’d be unlikely to choose Bali as a venue to drop much in the way of new information…
Fed’s Evan’s on wires. He is more of a dove. Fed’s Evans says: Evan’s is considered more of a dove. ForexLive
Adds that we do not have a problem with inflation US President Trump speaking his mind on the Federal Reserve. No one will ever refer to Trump as a shrinking violet, being forthright once again here on the what the Fed is up to.
Speaking in NY Fed’s Kaplan speaks to reports after speech in NY ForexLive
Buy yuan, sell dollars (and US assets) Kaplan is continuing to speak and says that China support for yuan shows capital outflow concerns. If China is supporting the yuan, it is selling the USD and US assets. Bond prices and stocks are showing more selling of course. Kaplan is concerned.