Earlier:
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9450
Injects 118.5bn yuan in 7day RRs @ 1.4% and also 300 bn yuan via 14day (Lunar New Year holidays begin February 15)
Earlier:
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9450
Injects 118.5bn yuan in 7day RRs @ 1.4% and also 300 bn yuan via 14day (Lunar New Year holidays begin February 15)
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Tech stocks tumble, AMD drops 17.3% despite strong profit. Super Micro jumps 13.8% on AI server demand. Gold swings wildly.
Indian equities are set to open slightly higher on optimism over a US trade deal and renewed foreign inflows, though sharp losses in IT stocks and an upcoming RBI policy decision may limit gains.
Japan’s 30-year bond yield edged lower ahead of Thursday’s auction, but remains elevated as investors weigh fiscal risks tied to Sunday’s snap election and proposed tax cuts.
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Westpac’s Ellis said the RBA may be forced into a second consecutive rate hike in March if data momentum builds, though May remains the central case as policymakers look to bring inflation down faster.
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Lean hog futures mixed; USDA hog price $86.29. Coffee slumps on Brazil rains, cocoa climbs on Ivory Coast delays.
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