People’s Bank of China lowers the price if the onshore yuan again today, but at a slower pace than it has done over the prior two mid rate settings – 6.6166 is the highest for the USD/CNY reference rate (i.e. weakest for the onshore yuan) since December 13 of 2017
At the scheduled Japanese Government Bond buying operation today At the previous auction for this time left to maturity (5 to 10 years) the Bank bought 430bn yen of government bonds. Today its a 410bn yen purchase
Some were asking about the details on the migration deal reached by the European Union And some just can’t manage to nod off to sleep So, there is this for everyone!
21st Century Business Herald reporting: – China’s big state banks have suspended granting real estate development loans and credit quotas to developers except the for the 50 biggest ones Huh …. deleveraging continues
Eurozone June CPI flash reading in focus today Good day, everyone! Hope you’re all doing well as we start to wrap up the trading week, month, quarter, and half-year. Boy, that was a mouthful. Anyway, the calendar today is a bit of a busy one so let’s get right into things.
I noted objections from Italy earlier as a factor for the EUR The dinner has been over for 5 hours so I guess we’ll get some comments/headlines soon enough.
Due at 0100GMT on Saturday June 30 Thanks a lot China! 😉 Manufacturing PMI – expected 51.6, prior 51.9 Services PMI – expected 54.8, prior 54.9 This is the official survey.
Forex options expiries today, these the close by and of size EUR/USD – 1.1450 1.0bn – 1.1500 3.0bn – 1.1550 893m – 1.1600 2.0bn – 1.1700 1.3bn USD/JPY – 110.00 USD 372m GBP/USD
Forex and Bitcoin news for Asia trading Friday 29 June 2018 There was movement in Asia forex today centred on a sharp rally for the euro and spreading to other risk currencies and to equities also.
This is an nice piece of summary work from Deustche Bank, from the economic background through to policy direction: Filing this away for reference!