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Friday, February 21, 2025

Asia Market Movers: OPEC+ is expected to once again postpone it production hike

OPEC+ is expected to once again postpone it production hike

OPEC+ is expected to postpone once again its 120,000 barrel-a-day hike if so it'll be the fourth time the plan has been delayed currently OPEC+ aims to restore 2.2 mn barrels a day total, in monthly i... 

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UK asset manager ABRDN in talks with China Citic to form Joint Venture

Reuters have the report. In brief: UK asset manager Abrdn is in advanced negotiations with Citic Bank to establish a joint venture in China's asset management sector, according to sources familiar wit... 

BoJUeda says hike to 50bp interest rates will boost interest payments on reserves 1tln yen

Bank of Japan Governor Ueda A hike to 50bp interest rates will boost interest payments for reserves by JPY 1tln There could be more side effects from monetary easing More interest rate hikes could com... 

Japan Prime Minister Ishiba has strong concerns that rising yields may harm finances

Japan Prime Minister Ishiba is expressing concerns that rising yields will make debt servicing much more costly. His fin min spoke on this earlier: More on Japan's finance minister warning of fiscal s... 

BOJ Governor Ueda warns loss of mkt confidence in Japan fiscal could drive JGB yields up

Bank of Japan Governor Ueda Rise in long-term interest rates reflects modest economic recovery, rising price trend Generally speaking, loss of market confidence in Japan's fiscal health could drive in... 

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Latest Forex Orders

FX option expiries for 20 February 10am New York cut

There are a few to take note of on the day, as highlighted in bold . The major ones are for EUR/USD, layered in between the 1.0400 to 1.0450 level. The pair itself also continues to be stuck within th... 

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