This week, China widened the yuan’s trading band outright to +1% above or below the central parity rate (the PBoC fix before trading). Previously they had been using +0.5%. Against the EUR, GBP ...
Asia and Europe kicked off the week with downbeat sessions, but the US is trying to rally in early going. But worries may continue to outweigh in the week ahead after Friday’s ugly close.Asia ...
Led Zeppelin’s song “The Song Remains The Same” has been bouncing round my head all weekend, in most part due to what is going on in European markets. What was a Greek story, became ...
EU Debt Returns Ahead Of Spain Auctions Later This Week; Markets Weaker After Yuan Trading Band IncreasedEconomic Data(NZ) NEW ZEALAND MAR PERFORMANCE SERVICES INDEX: 53.9 V 55.8 PRIOR(KR) SOUTH KOREA...
In the wake of the US jobs numbers on Friday, which saw the dollar softer as QE3 talk was once again re-ignited, the dollar has continued south, although only modestly so, the dollar index down around...
China President Hu Warns That Allowing The Yuan To Rise Will Not Fix US Economic IssuesEconomic DataJapan Corp Service Price Index Y/Y, February: -0.6% V -0.4%E (8-month low).China Industrial Profits ...
Mixed trade among fresh yen strength; Fed's Lacker expects a rate increase before 2014Economic Data(SG) Monetary Authority of Singapore (MAS) Survey: Lowers 2012 GDP growth outlook to 2.5% from 3.0% ...
If you are addicted to easy money then you should heed the words of central bankers these days. They are trying to tell us the punch bowl will be taken away, if not now then soon. Their latest words ...
Very little activity to report from the Asian session after the US dollar reigned supreme after the FOMC meeting. Currencies were content to consolidate at lower levels versus the greenback, awaiting ...
No hard landing in China, while Australia's two-speed economy continues to rear its ugly headEconomic Data(CN) CHINA FEB HSBC MANUFACTURING PMI: 49.6 V 48.8 PRIOR (4th consecutive contraction; 4-month...