Cut

[ad_1] © Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to

[ad_1] A look at what is on the board for today USD/JPY: 152.00 (USD amount 1.68bn), 150.00 (USD1bn), 150.50 (USD954mn) EUR/USD: 1.0600 (EUR793mn) USD/CNY: 7.3000 (USD1.69bn), 7.4000 (USD841mn), 7.2500 (USD747mn) AUD/USD: 0.6400 (AUD1.19bn) GBP/USD: 1.2280 (GBP533mn), 1.2375 (GBP307mn) USD/CAD: 1.3850 (USD310mn) NZD/USD: 0.5870 (NZD306mn) For more information on how to use this data, you may

[ad_1] Hong Kong will cut its home buying tax by half to 7.5%. Info via local media. — Chinese mainland and Hong Kong stocks have been on a tear today due to stimulus announcements. and China’s sovereign wealth fund buying ETFs: This news on the HK home tax will give property sectroi stocks another tailwind

[ad_1] Share: Focus back on the Euro. Economists at Commerzbank analyze the single currency outlook. Euro might suffer a dampener if Eurozone PMIs do not stabilise The Eurozone PMIs, due for publication today, are likely to further dampen any hopes of an economic recovery. The indicators are likely to confirm the projections of

[ad_1] There are a couple to take note of for the day, as highlighted in bold. They are both for USD/JPY at the 149.50 level and the 150.00 mark. As such, the expiries should help to limit price action in between those levels so long as bond yields also keep steadier on the day. The

[ad_1] From China so far today: Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank: PBOC sets 14 day RR rate at 1.95% vs. 2.15% previously we haven’t had a 14-dayer in many months Still on the way from China is the economic data for

[ad_1] Share: PLN crumbling on the back of too-soon rate cut from Polish central bank. USD/PLN soaring to five-month highs as market punish Zloty. PNB Governor Glapinski accused of political manipulation ahead of bitter general election. The Polish Zloty (PLN) has plunged in value on the back of an unexpected rate cut from

[ad_1] Share: Polish central bank cuts interest rates deeper than expected, draws criticisms. Politics appear to be influencing central bank action rather than the economy. Polish inflation is still in double-digit territory despite recent declines. The USD/PLN is pushing higher following an interest rate cut from the National Bank of Poland (NBP), sending

[ad_1] © Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this

[ad_1] © Reuters. Investing.com– The People’s Bank of China said on Friday that it will cut the amount of foreign exchange that is required to be held by banks, as it moves to stem further weakness in the yuan and support a slowing economic recovery.  The PBOC said it will cut the foreign exchange reserve