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Wednesday, May 29, 2024

Asia Market Movers: More from IMF on China: Fiscal policy needs to reorient further to domestic consumption

More from IMF on China: Fiscal policy needs to reorient further to domestic consumption

More from IMF Deputy Managing Director Gita Gopinath speaking from Beijing: China should continue with economic reforms to boost productivity, level the playing field among all types of firms Create a... 

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IMF Deputy Managing Director sees scope for more policy to address China property sector

IMF Deputy Managing Director Gita Gopinath speaking from Beijing: We see scope for a more comprehensive policy package to address property sector issues Central government resources should be deployed... 

The IMF has upgraded China's economic growth target to 5%, from 4.6%

The International Monetary Fund (IMF) says China's economy is set to grow 5% this year, after a "strong" first quarter upgrading its earlier forecast of 4.6% For 2025 it forecasts 4.5% from 4.1% previ... 

AUD popped after the higher than expected monthly inflation data

The Australian monthly inflation data is here: Australian April CPI 3.6% y/y (expected 3.4%) As I pointed out a couple of times, the monthly CPI data from Australia does not show all components of the... 

BOJ's Adachi says if excessive yen falls impact inflation, policy response becomes option

Bank of Japan board member Seiji Adachi Changing monetary policy frequently to stablise fx moves would lead to big changes in rate moves If interest rate moves are too big, that would cause disruption... 

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Latest Forex Orders

FX option expiries for 28 May 10am New York cut

There are just two to take note of, as highlighted in bold . They are for EUR/USD and stuck together at the 1.0900-10 region. Alongside some technical resistance around 1.0885 and offers near the figu... 

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