S&P 500 Retreats as Risk Sentiment Remains Subdued
The main event for today was the People's Bank of China (PBoC) PBoC MLF decision, which has left the S&P 500 and other stock indices down. Full Article
Forex Signals Brief March 15: A Last Round of US Data Before Weekend
Today we have the Empire State Manufacturing Index, Industrial Production and UoM Consumer Sentiment to close the week for the USD Full Article
Chinese Yuan Weakens Against US Dollar, More Downside Expected?
The Chinese yuan has dipped against the US dollar on Tuesday, falling to the lowest levels seen in over a week, as investors hold steady and Full Article
Chinese Yuan Trades at Four-Month Low Against the US Dollar
The Chinese yuan has fallen to trade at the lowest levels seen since four months against the US dollar on the prospects of rapid economic Full Article
PBOC Sets Official Yuan Midpoint at Weakest Level Since 2008
On Monday, the PBOC brought down the official midpoint for the yuan to the weakest level since the financial crisis back in 2008. Just ahead Full Article
PBOC Cuts 7-Day Repo Rate, Injects Liquidity
The PBOC announced a surprising 20bp cut in reverse repurchase agreements to offset some impact of the pandemic on its economy. Full Article
PBOC Cuts Benchmark Lending Rate as Expected
China's central bank PBOC revised its benchmark lending rate, LPR, lower in a bid to reduce financing costs for businesses as it tries to Full Article
Gold Weakens Over Stronger US Dollar, PBOC’s Liquidity Injection Plans
Gold prices have declined on account of a strengthening US dollar and after China's PBOC injected fresh liquidity into markets to offset any Full Article
PBOC Holds MLF Steady, Injects More Liquidity Into Markets
Earlier today, the PBOC held interest rates on one-year MLF loans steady at 3.25% but injected 300 billion yuan via this liquidity tool. Full Article
Lending to Touch Record High in China in 2019
According to a recent Reuters poll, new bank loans are expected to have declined in December but 2019 still looks set for record lending Full Article
PBOC Sets Official Midpoint Rate for Yuan at Highest Level in Five Months
China's central bank PBOC has raised the official midpoint rate of the yuan to the highest level in five months in keeping with the recent Full Article
PBOC Cuts RRR Rates, Increases Liquidity in Financial Markets
Cutting RRR lets banks free up more cash for use in the financial system, and is seen as a way to improve China's GDP which has slowed to Full Article
PBOC Holds Lending Benchmark Steady, in Line With Economists’ Expectations
PBOC kept its lending benchmark rate steady following its decision to hold borrowing costs of medium-term loans unchanged earlier in Dec Full Article
China’s Economy to Grow at Under 6% in Next Five Years: Policy Adviser to PBOC
Estimates by a policy adviser to the PBOC suggest that the Chinese economy could grow at under 6% over the next five years. Full Article
PBOC Governor Yi Gang Comments on Monetary Policy and Currency: Key Highlights
PBOC Governor Yi Gang has indicated that China's central bank is likely to keep its monetary policy "normal" for some more time and does not Full Article
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