In the forwards market, larger of the state owned banks selling USD against the RMB Note that the cost of shorting the yuan is …. well it isn’t a cost …. there is a modest carry in favour of shorting it
Draghi comments in the press conference – ECB didn’t discuss reinvestments – Enhanced forward guidance has been very effective in aligning expectations with intentions Draghi said money market expectations are well aligned with ECB expectations and currently money markets are pricing in a 57% chance of a 10bps hike in September 2019. There was some…
Highlights from Draghi’s opening statement – Private consumption is supported by ongoing labor market gains – Risks to the growth outlook remain broadly balanced The inflation note has given the euro a small lift.
Tightening range for the past We all know that ‘through the summer’ still means ‘through the summer’. TD Securities even point out that the various translations to the statement released by the ECB all say to refer to the English statement for the exact terms.
Just a couple of ECB previews for the meeting coming up today, in one place for easy reference: – Timings: ForexLive
Onshore yuan reference rate with another huge swing in a day – CNY revalued 350-odd points from yesterday’s setting – CNY mid rate the strongest (for the CNY) this week PBOC skips OMOs today
PBOC taking the axe to the CNY again today People’s Bank of China skips open market operations today – Neutral for the day (no RRs maturing) For the week, net drain 370bn yuan
JGB buy scheduled operation has gone off But no sign of any fixed rate operation for 10 yr JGBs despite yield above 0.1% ForexLive
ArticleBody Have a ciggie, while you still can, and a coffee or a vape we get the BOJ outright purchasing of Japanese Government Bonds At 0110 GMT And just maybe …
There is a scheduled Bank of Japan QE operation today (), at 0110GMT I pointed out earlier here MUFG in Tokyo reckon there could also be a fixed-rate unlimited buying operation aimed at sending 10 year JGBs lower