Author: FX
The Australian Dollar (AUD) holds gains against the US Dollar (USD) on Monday after the People’s Bank of China (PBOC), China’s central bank, announced to leave its Loan Prime Rates (LPRs) unchanged. The one- and five-year LPRs were at 3.00% and 3.50%, respectively.Traders will likely focus on the Reserve Bank of Australia’s (RBA) Meeting Minutes due on Tuesday, for clues on the central bank’s policy outlook and its assessment of inflationary pressures. As of December 18, the ASX 30-Day Interbank Cash Rate Futures February 2026 contract was trading at 96.34, implying a 27% probability of a rate increase to 3.85%…
Australian state parliament reconvenes to push through stricter gun laws after Bondi mass shooting Source link
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The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
The USD/JPY pair loses ground to near 157.50 during the early Asian session on Monday. The prospect of further US Federal Reserve (Fed) interest rate cuts in 2026 weighs on the US Dollar (USD) against the Japanese Yen. Financial markets are likely to trade in a subdued mood as investors position themselves ahead of the long holiday period. The US Chicago Fed National Activity Index report for September is due later on Monday. The recent soft US inflation and cool jobs reports have fueled market expectations for at least two 25-basis-point rate cuts from the US central bank next year. This contrasts with a…
Happy Holidays! We’re heading into Christmas week, and it’s going to be a weird one globally. We’ve got some major economic data drops (hello, U.S. GDP, UK GDP, Canada GDP, and Tokyo CPI!), then everything gets pretty quiet as the holidays take over. Think of it as the market’s version of scarfing down a big meal on Monday-Tuesday before everyone passes out on the couch for the rest of the week. Even I’m thinking about shutting down for the week… The big question: Will the data shake things up enough to move markets before liquidity dries up? With Christmas landing…
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