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Monday, May 26, 2025

Asia Market Movers | China criticises Australia's effort to return Darwin port to local ownership

China criticises Australia's effort to return Darwin port to local ownership

China's ambassador to Australia has criticised Canberra's plan to return Darwin Port to local ownership, arguing the Chinese firm running it, Landbridge, should not be penalised. Prime Minister Albane... 

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USD appears friendless in Asia trade (except for the PBoC propping it up!)

AUD/USD has its highest since December 2, 2024. EUR, GBP (highest since February of 2022!), NZD, CAD, CNH all rising also. My headline remark about the People's Bank of China 'propping up' the dollar... 

Offshore yuan is hitting its highest since early November last year

CNH is rising still, hitting highs not since early November 2024: This further extension for the yuan comes as the PBoC 'flips' its damping in the CNY from support for the CNY to an effort to slow its... 

China property: Country Garden seeks extension for US$14.1 billion debt overhaul

Country Garden Holdings, formerly China's top property developer by contracted sales, will appear in a Hong Kong court on Monday to request more time to progress its $14.1 billion offshore debt restru... 

PBOC sets USD/ CNY reference rate for today at 7.1833 (vs. estimate at 7.1737)

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy... 

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FX option expiries for 23 May 10am New York cut

EUR/USD 1.1400 (EUR 1.25bn) 1.1345 (EUR 882mn) 1.1330 (EUR 964mn) 1.1300 (EUR 1.84bn) 1.1275 (EUR 1.50 bn) USD/JPY 145.00 (US$ 2.81bn) 144.00 (US$ 2.37bn) 143.00 (US$ 1.76bn) GBP/USD 1.3600 (GBP 379mn... 

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