Eamonn Sheridan

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Commodities
iran 3 phase proposal 27 April 2026
Commodities

Iran proposes Hormuz deal without nuclear talks in bid to break US negotiation deadlock

  • As posted on this site earlier, Iran has put forward a proposal to reopen the Strait of Hormuz and agree a ceasefire before tackling nuclear negotiations, in a bid to break the deepening stalemate with the US over the terms of a deal.
Central Banks
pboc cny yuan note 24 September 2025 8
Central Banks

People’s Bank of China sets yuan reference rate at 6.8579 (vs. estimate at 6.8282)

  • People’s Bank of China sets yuan reference rate at its strongest for CNY since March 24 2023
News
Japan golden week 2026
News

Heads up for Japan market holiday this week, and then three the following week

  • There are plenty of Japanese market closures in the coming two weeks.
Central Banks
china yuan import surge 27 April 2026
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.8282 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
News
china yuan import surge 27 April 2026
News

China imports set to overtake exports for first time since 2021 on AI chip surge

  • Economists have sharply upgraded China's import growth forecasts as AI-driven chip demand fires up foreign purchases, with imports set to outpace exports for the first time in five years and keep the trade surplus broadly stable.
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