People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate...
Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US...
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… .twitter.com/Twg1O67NRp— ישראל כ”ץ Israel Katz (@Israel_katz) October 18, 2024 On … Netanyahu to convene security meetingThe Israel Daily Haaretz is reporting that … the Kirya military headquarters in Tel Aviv. Other Israeli media say the security …
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