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Wednesday, June 19, 2024

Asia Market Movers: China's FX regulator says Will prevent yuan exchange rate from overshooting,

China's FX regulator says Will prevent yuan exchange rate from overshooting,

The State Administration of Foreign Exchange (SAFE) in the regulator: Will strengthen countercyclical supervision, improve the solvency, deposit reserve mechanisms Studying broadening the scope of for... 

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Japanese Chief Cabinet Secretary Hayashi giving assurances over troubled Norinchukin Bank

Japanese Chief Cabinet Secretary Hayashi financial health of Norinchukin Bank is sufficient Reports are that the Japanese banking giant Norinchukin Bank is to sell USD 63bln of US and European soverei... 

PBOC Governor says monetary policy will provide support for China's economic recovery

People's Bank of China Governor Pan Gongsheng is speaking at the 2024 Lujiazui Forum in Shanghai" Monetary policy is supportive Monetary policy will provide financial support for China's economic reco... 

Reminder - US markets are closed on Wednesday, June 19th - market hours impact

I posted info on this yesterday as a heads up, doing so again. U.S. markets will be closed Wednesday for the Juneteenth holiday. NYSE and Nasdaq will be closed The Securities Industry and Financial Ma... 

PBOC sets USD/ CNY central rate at 7.1159 (vs. estimate at 7.2482)

The 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 plus or minus 2% from this daily reference rate.... 

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Latest Forex Orders

US dollar rebounds on fixing demand

The US dollar has made a nice comeback today, despite the softer retail sales data. The latest round of bids came ahead of the London fix, so that could have been a driver, especially with a US holida... 

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