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Forexlive asia-pacific fx news wrap: offshore yuan weakens past 7.20 briefly

China to continue to tax cut & exemption policies for NEV purchases in the next 4 yearsFederal Reserve Chair Powell testifies Wednesday, 21 June. Mest...

June 21, 2023, 2:55 am

Hang seng index, asx200, nikkei 225: pboc sends the hang seng south

This morning, the PBoC failed to impress, sending the Hang Seng Index into negative territory. Fed Chair Powell angst added to the bearish mood. The p...

June 20, 2023, 4:18 am

Forexlive asia-pacific fx news wrap: the pboc cut rates, as expected

Bank of England's Hall speaks on Tuesday, 20 June 2023 - not on monetary policyJapan's Industry Minister says FX stability is importantAUD/USD lower a...

June 20, 2023, 2:58 am

Aud/usd lower after china rate cuts, rba minutes

The China rate cut news is here:PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) & 5 year 4.20% (prior 4.30%)And a lower yuan at the refere...

June 20, 2023, 1:54 am

Pboc sets usd/ cny central rate at 7.1596 (vs. estimate at 7.1630)

The big news out of China is here, another policy rate cute from the People's Bank of China:PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%...

June 20, 2023, 1:20 am

Forexlive asia-pacific fx news wrap: fretting over china growth

What would an AI-based Bank of Canada do?North Korea says it will be "increasing the production of powerful nuclear weapons"FX option expiries for Mon...

June 19, 2023, 2:57 am

Pboc sets usd/ cny reference rate for today at 7.1201 (vs. estimate at 7.1186)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 19, 2023, 1:16 am

Forexlive asia fx news wrap: the bank of japan left monetary policy unchanged, as expected

UBS lowered its forecast for China’s 2023 economic growth to 5.2%, from 5.7% previouslyBOJ announces no change to JGB Yield Curve Control tolerance ...

June 16, 2023, 3:35 am

Pboc sets usd/ cny reference rate for today at 7.1289 (vs. estimate at 7.1282)

The previous close was 7.1225---The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (al...

June 16, 2023, 1:15 am

Forexlive asia-pacific fx news wrap: usd/jpy up a big figure, & a china rate cut

China's NBS says Q2 economic growth will be significantly quicker than in Q1Japan verbal intervention in yen - 'important for FX to move stably'USD/JP...

June 15, 2023, 2:59 am

Pboc sets usd/ cny reference rate for today at 7.1489 (vs. estimate at 7.1480)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 15, 2023, 1:15 am

Forexlive asia-pacific fx news wrap: awaiting the federal open market committee

Japan Prime Minister Kishida considering dissolving lower house of parliamentChina cut the retail prices of gasoline and diesel from Wednesday, the 6t...

June 14, 2023, 3:00 am

Pboc sets usd/ cny mid-point today at 7. 1566 (vs. estimate at 7.1550)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 14, 2023, 1:15 am

Forexlive asia-pacific fx news wrap: people's bank of china cuts short-term policy rate

3 reasons the Bank of Japan is expected to keep policy unchanged at this week's meetingCiti says markets mispricing downside risks for inflation headi...

June 13, 2023, 3:02 am

Pboc sets usd/ cny central rate at 7.1498 (vs. estimate at 7.1490)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 13, 2023, 1:15 am

Forexlive asia-pacific fx news wrap: more chinese banks cut deposit rates

More Chinese banks cut ratesBank of America say they remain bearish US stocks, investors are too bullish, Fed not doneNomura cites a "strong signal" f...

June 12, 2023, 2:56 am

Pboc sets usd/ cny reference rate for today at 7.1212 (vs. estimate at 7.1214)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 12, 2023, 1:15 am

Forexlive asia-pacific fx news wrap: usd/jpy higher with boj gov ueda steadfast on easing

Binance has suspended US currency deposits - cites SEC law suitChina's economy stumbling, likely headed for a lost decade says ex-IMF officialBank of ...

June 9, 2023, 2:58 am

Pboc sets usd/ cny reference rate for today at 7.1115 (vs. estimate at 7.1122)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

June 9, 2023, 1:15 am

Vice governor of pboc says bank has ability to maintain stable fx market operations

The People's Bank of China has a number of vice governors. I'm not sure which one this is, comments being carried by news wires:We have confidence, co...

June 8, 2023, 3:21 am


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