BOE publishes its record of the 19 June Financial Policy Committee meeting As highlighted in the preview, not a report that has any bearings on monetary policy. Doesn’t contain much that will have a significant impact on sterling sentiment.
Further comments by BOE member Saunders in his interview with CNBC The headline comment gave sterling a further boost on the day, with cable trading up to a high of 1.3196 on the back of that.
Yesterday the People’s Bank of China devalued the onshore yuan to its lowest since August of last year at the daily setting And taking it lower still today In Open Market operations:
On Thursday July 3 we get the minutes of the June Federal Open Market Committee meeting, here is quick preview Its via Nomura: – The June FOMC meeting largely met our expectations
As per Handelsblatt Banque de France’s Governor and ECB member Villeroy adds: The EURUSD is not all that impressed with the comments. The price is trading just above the NY session low at 1.1642. The 200 hour MA at 1.1633 and the 100 hour MA at 1.16165 are support targets now.
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 – Pan Gonsheng says confident can maintain a basically stable yuan at a reasonable level via Reuters
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 decision:
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 Japan is likely to cut its inflation forecasts for this fiscal year and the year to March 2020 at a meeting later this month
The Reserve Bank of Australia announces its monetary policy decision – 3 July 2018 Pretty much similar to its June statement, the language on the key issues remain the same and I don’t see any major changes from the statement at first glance. AUD is literally unphased by the decision/statement, and rightfully so. A non-event…
Reuters with the report of intervention efforts – Major state-owned Chinese banks swap yuan for USD in forwards market – selling USD in spot (buy yuan) This comes after some PBOC jaw boning earlier: