- More from RBA's Bullock: RBA has room to move if the global economy takes a bad turn
- China sets 4% steel growth goal, bans capacity expansion, and pushes green upgrade
- KiwiBank: RBNZ to cut 75bp by year-end, economy not recovering from recession
- Berkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker.
- UBS lifts USD/JPY forecast, yen seen stuck in 140–150 range amid political risks
- People's Bank of China injects 300bn yuan through 14-day reverse repos
- More from RBA Gov. Bullock: In a very good position on inflation
- PBOC sets USD/ CNY reference rate for today at 7.1 (vs. estimate at 7.1159)
- Reserve Bank of Australia Governor Bullock says tightness remains in labour market
- Japan PM contender Hayashi says weak yen has contributed to inflation
- BOJ outlines century-long ETF unwind, markets confident Japan’s stock rally can endure
- PBOC is expected to set the USD/CNY reference rate at 7.1159 – Reuters estimate
- Goldman Sachs AM: BoE to hold rates in 2025, easing cycle seen resuming February 2026
- Dalio: US debt crisis threatens currencies. Says buy gold, it'll gain as safe store.
- UBS forecasts S&P 500 as high as 7,500 into mid-2026.
- China seen holding lending rates steady today despite Fed cut. Unchanged 4 straight months
- Euro may hit $1.24 in 2026 as ECB holds steady, Fed cuts weaken dollar.
- Saks Global is considering selling 49% of Bergdorf Goodman for about $1 billion
- Key US inflation data that was due this week has been "postponed "
- ECB’s Scicluna flags trade, euro risks but sees policy well placed
- South Korea’s Lee warns US $350bn demand could spark 1997-style financial crisis
- ECB’s Kazaks: No rush for more interest rate cuts, inflation near 2% acceptable
- Economic calendar in Asia 22 September 2025 - Reserve Bank of Australia Governor Bullock
- Monday open levels, indicative FX prices, 22 September 2025
- ECB Stournaras signals rate cuts over, more easing needs major shift in inflation outlook
- Newsquawk Week Ahead: US PCE, SNB, Flash PMIs, Aussie and Tokyo CPI
The yen slipped in the session, with nerves ahead of Japan’s leadership election weighing on sentiment. USD/JPY pushed above 148.35. Elsewhere, moves across major FX pairs were limited.
RBA Governor Bullock spoke in parliament, sounding less than dovish. She pointed to inflation appearing under control, a resilient labour market and domestic data broadly in line with, or slightly stronger than, expectations. AUD/USD was little changed.
In China, the People’s Bank of China held benchmark lending rates steady for a fourth straight month, leaving the one-year loan prime rate at 3.0% and the five-year at 3.5%. The decision, which followed last week’s Fed cut, was in line with expectations that authorities would avoid fresh stimulus for now amid a recent stock market rally. The one-year LPR guides most new and outstanding loans, while the five-year influences mortgage pricing.
Gold was steady, trading just under US$3,700.
Asia-Pac stocks:
Japan (Nikkei 225) +1.5%
Hong Kong (Hang Seng) -1.1%
Shanghai Composite -0.22%
Australia (S&P/ASX 200) +0.4%
