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Monday, July 22, 2024

Asia Market Movers | CNH is lower to open the week after the PBOC cut rates

CNH is lower to open the week after the PBOC cut rates

The People's Bank of China cut policy rates today: China cuts 1 and 5 year loan prime rates by 10 basis points each PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80% the PBOC last lowe... 

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USD turns it around, rising again after early Monday weakness

EUR, NZD, GBP, CAD and eyn are all weakening against the USD. AUD takes the cake though, its under its late Friday low. Ranges are not huge but for the Asian time zone are notable: Political news has... 

The money taps have been turned on again for the Democrats since Biden's announcement

Social media, and traditional media reporting a sum in excess of USD50mn has been donated to the Democrats. One of the key concerns of the party was the drying up donations under an incumbent Presiden... 

PBOC sets USD/ CNY reference rate for today at 7.1335 (vs. estimate at 7.2624)

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.... 

China cuts 1 and 5 year loan prime rates by 10 basis points each

The People's Bank of China has cut one- and five-year loan primce rates. The one-year rate has been cut to 3.35% prior 3.45% The five-year rate has been cut to 3.85% prior 3.95% Earlier: PBoC announce... 

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Latest Forex Orders

FX option expiries for 19 July 10am New York cut

There aren't any major expiries to take note of on the day. As such, trading sentiment will rely on the same key drivers from the day before mostly. The dollar saw recovery flows yesterday with yields... 

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