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Thursday, January 2, 2025

Asia Market Movers: South Korea to ease FX trading rules, trying to attract further fund inflows

South Korea to ease FX trading rules, trying to attract further fund inflows

South Korea's finance ministry announced that starting mid-January, registered foreign financial institutions (RFIs) will be permitted to conduct foreign exchange (FX) trading for current transactions... 

tranche

China mainland and Hong Kong equites have traded much lower to start 2025

Hong Kong's Hang Seng index is down more than 2%. Apart from what has been posted there is nothing fresh. The Nikkei is closed today (Japan markets holidays today and tomorrow) but I've left it in ...... 

The yuan has hit its highest since mid-October 2022 (using its trade-weighted value)

The CFETS RMB Index (often referred to as the "yuan CFETS Index") is a trade-weighted currency index published by the China Foreign Exchange Trade System (CFETS). It measures the value of the Chinese... 

Caixin China Manufacturing PMI (December 2024) 50.5 vs. expected 51.7

Caixin China Manufacturing PMI (December 2024) is a disappointment at 50.5 vs. expected 51.7 and prior of 51.5 In really brief, some highlights lowlights: New orders and output growth both slow from N... 

ICYMI - Why does China have two sets of PMIs and why are both valuable?

Today we get the second of China's monthly manufacturing PMIs, from Caixin/S&P Global, due at 0145 GMT, which is 2045 US Eastern time: Earlier this week I posted on the difference between the offi... 

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Latest Forex Orders

FX option expiries for 20 December 10am New York cut

There are plenty of significant and massive expiries in play today, as highlighted in bold . The very much larger ones are for EUR/USD and the ones to watch out for are layered between 1.0300 to 1.040... 

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