PBOC sets USD/ CNY reference rate for today at 7.0709 (vs. estimate at 7.0794)

• China is back from the long holiday today

RBA minutes: Board discussed scenarios for both lowering and raising interest rates

• Reserve Bank of Australia September meeting minutes

PBOC is expected to set the USD/CNY reference rate at 7.0794 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Reserve Bank of New Zealand rate cut coming Wednesday ... 75bp cut?

• Probably not, but there is chatter about

There are reports of a comment from Fed Chair Powell - US equity index futures dropped

• I suggest the headlines are in error, but they have had an impact on ES regardless

AUD: The Chinese connection

More from Fed's Musalem - Jobs report did not cause a change in outlook

• St. Louis Fed President Alberto Musalem

Fed's Musalem: Costs of easing too much outwiegh easing too little

• St. Louis Fed President Alberto Musalem

ECB Cipollone sees deterioration of EU PMI, slower growth, along with faster disinflation

• The European Central Bank released remarks from Executive Board member Piero Cipollone on Monday

Is the coronavirus' impact on financial markets overblown?

Economic calendar in Asia 08 October 2024, Fed speeches, RBA minutes & speeches

• A packed central bank agenda ahead

Fed's Kashkari: The balance of risks has shifted towards higher employment

• Comments from the Minneapolis Fed President

ECB's Holzman: Inflation fight is far from over

• Comments to Sueddeutsche

What to watch in volatility and central banks this week

US economic data is light today but the Fedspeak picks up

• Kashkari, Musalem, Bowman and Bostic speak

Reserve Bank of India Urges Banks to Avoid Large Short Bets as Rupee Nears Record Low

• Reserve Bank of India cautions banks against significant short positions on the rupee nearing all-time lows to stabilize the currency amidst ongoing pressure.

Japanese firms anticipate prolonged China slowdown, BoJ official reveals

• Many western Japan companies, especially in electronics, are preparing for an extended export slump to China, as per BOJ's Osaka branch. They seek stability in exchange rates amidst currency volatility.

Saudi Aramco stock: Desert rose

Federal Reserve speakers Monday include Bowman, Kashkari, Bostic and Musalem

• I count 20 separate speaking engagements for Fed officials this week, not including media appearances

European Central Bank speakers on Monday include chief economist Philip Lane

• Lane will be speaking on "Monetary Policy: bridging science and practice"

AUD traders heads up - two big events coming up from the RBA on Tuesday

• Meeting minutes and also speech/Q&A from Andrew Hauser, Deputy Governor

SimpleFX adds tether accounts

HSBC expects six more rate cuts from the US Federal Reserve by June 2025

• Six consecutive 25bp rate cuts coming up from the Fed's Federal Open Market Committee (FOMC)

Bank of Japan rate hike plans "face political curve ball"

• A worthwhile background read ICYMI

Japan's yen intervention official says will monitor FX including speculative movement

• A soaring USD/JPY is of concern to Japanese officials. Again.