Yesterday we had the news that:
Then this:
Later:
And:
There are major obstacles to the plan:
- Ukraine ceding land
- Putin agreeing
Yesterday we had the news that:
Then this:
Later:
And:
There are major obstacles to the plan:
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China weighs new stimulus to stabilise weakening property market. Real estate shares up. Beijing is considering nationwide mortgage subsidies, bigger tax rebates and lower transaction costs to stabilise the weakening property market.
Japan’s yen could fall to 160, with BOJ rate hikes unlikely to stop the slide, says economist. Sees intervention odds rising as speculative pressure grows. Low oil prices ease inflation concerns. Japan last intervened in July 2024 near ¥162.
Japan warns on “sharp, one-sided” yen moves as Kihara signals heightened urgency. Kihara’s remarks raise the verbal-intervention temperature, he has chosen high impact words. But, USD/JPY is at its session high.
RBA warns against overreacting to volatile inflation as Hunter flags structural shifts RBA’s Sarah Hunter says monthly inflation is too volatile for overreaction. Recent inflation surprises have complicated the case for further easing.
Despite a hawkish sounding BoJ board member Koeda the yen has fallen further, 157.40 Koeda has voted at 5 board meetings, each time to hold. She sounds more hawkish today.
BOJ’s Koeda signals need for further tightening as inflation holds near 2% Koeda’s comments lean hawkish and may support JPY at the margin, reinforcing expectations of further BOJ tightening
PBOC sets USD/ CNY reference rate for today at 7.0905 (vs. estimate at 7.1201) PBOC CNY reference rate setting for the trading session ahead.
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