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ForexLive Asia-Pacific FX news wrap: China cuts rates, data disappoint, yuan intervention
China state banks have been intervening to buy yuanThe Grayscale Bitcoin ETF case decision could come as soon as Tuesday US timeChina July Industrial production +3.7% y/y (expected 4.5%) & Retail sales +2.5% (4.8%)RBA minutes: credible path back to CPI target with cash rate staying at its present levelAustralian wages data for Q2 +0.8% q/q (expected +1.0%)Offshore yuan getting slammed lower after surprise PBOC rate cutsPeople's Bank of China set MLF rate at 2.5%, big cut from prior 2.65%PBOC set...
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Posted: Aug 15 2023, 02:57
Author Name: forexlive
Views: 102614