Author: finadmin

PBOC sets USD/CNY reference rate at 6.8291 vs. 6.8288 previous

PBOC sets USD/CNY reference rate at 6.8291 vs. 6.8288 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8291 compared to the previous day’s fix of 6.8288 and 6.7883 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, […]

Pound Sterling coils while the BoE and Fed freeze in lockstep

Pound Sterling coils while the BoE and Fed freeze in lockstep

Cable looks dead this week, and that is not an accident. The Bank of England (BoE) and the Federal Reserve (Fed) have quietly become the same central bank. Both are sitting on their hands, both are watching above-target inflation get shoved higher by the same Middle East oil shock, both have hawkish dissenters in the […]

Political stress and energy shock drive weaker Lira – MUFG

Political stress and energy shock drive weaker Lira – MUFG

MUFG analysts see growing downside risks for the Turkish Lira (TRY) versus the US Dollar (USD) as domestic politics and an energy-driven terms-of-trade shock strain Turkey’s external position. With limited FX reserve ammunition and rising geopolitical uncertainty, they now judge upside risks to their USD/TRY forecasts, flagging the possibility of faster depreciation or even a […]