Eamonn Sheridan

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Forex
China CPI
Forex

Yuan - Chinese firms locking in exchange rates ahead of record $70bn dividend season

  • The yuan faces a familiar seasonal headwind this summer, but analysts and traders should note that the scale of hedging already completed by corporate treasuries may have front-loaded much of the currency pressure.
Central Banks
usdcny uptrend update 29 April 2026
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.8347 – Reuters estimate

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

Bessent warns Kharg Island nearing capacity as US tightens Iran oil squeeze

  • Treasury Secretary Bessent is sending an admin approved message that the US economic squeeze on Iran is tightening, with Kharg Island's storage crisis threatening to force production cuts and inflict lasting damage on Tehran's oil sector. Not fresh news this.
Commodities
oil up[trend 29 April 2026
Commodities

UAE exit from OPEC raises fears Kazakhstan and Iraq could be next to leave

  • The UAE's OPEC exit has exposed the cartel's fault lines, with Kazakhstan seen as the next member with both the motive and the capacity to walk away.
Central Banks
gbp niesr uk economc forecast 29 April 2026
Central Banks

NIESR cuts UK growth forecast, warns Iran war will keep inflation above target until 2028

  • Britain's leading independent economic research institute has delivered a stark warning that the Iran war is exposing the UK's vulnerability to energy shocks, slashing its growth forecasts and pushing the inflation outlook well past the Bank of England's target.
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