Onshore yuan posts its weakest daily close against the dollar since Nov 2017 I don’t think there’s a need to beat around the bush anymore. The PBOC the yuan. Or at least it allowing the yuan to depreciate/devalue. Whether or not in response to the trade war, it doesn’t really matter. The
Latest data released by Destatis – 28 June 2018 Unchanged from the May reading for Germany’s factory state. Overall, the inflation report from the published states are a little softer compared to May’s reading I would argue. And the expectations for the national reading is for a +2.1% yearly estimate, lower than the +2.2% reading…
Latest data released by Destatis – 28 June 2018 All there’s left on the day is the state of NRW. A decent yearly estimate here, but so far the trend has been for a slightly lower one. With the national reading also expected to print lower than the May reading, those expectations are still very…
Latest data released by Destatis – 28 June 2018 A similar trend to the Brandenburg and Saxony reports earlier. A slight dip in inflation readings for the month of June, and cumulatively that will feed into the national reading at 1200 GMT later as well.
Bostic speaking in Atlanta Bostic is speaking with the Fed Up Coalition in Atlanta. He spoke earlier this week and affirmed his commitment to hiking at least once more this year.
Comments by EU trade commissioner Cecilia Malmstrom in Brussels Well, yesterday the EU said that they had initial talks with the US on trade and that they’re going to fly over Juncker aka the “brutal killer” to Washington to discuss matters – though no dates were set just yet.
Regional manufacturing data from the KC Fed I’m doubtful about that ‘expected’ survey. I mean, who forecasts the KC Fed?
This is a move mainly directed at China Australia’s diplomatic relations with China have been . And this could be what tips the scale. Earlier in the month, China denied visas to Australian journalists on the grounds of “frosty” diplomatic relations as they seek to push the Australian government to stop the passing of this…
The market completely misinterpreted Poloz USD/CAD is down 85 pips to 1.3260 as the market has a re-think on the Bank of Canada. Initially, the market took the speech as dovish as Poloz highlighted some downside risks. But he was hardly explicit.
Latest data released by Istat – 28 June 2018 Better than expected inflation readings for Italy and a much improved one compared to what we saw in May. Spanish figures also had a similar showing earlier so that will at least be something to cheer about for the ECB.