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).
Tue, 19 Aug 2025 21:16:15 -0400
In 2024, the People's Bank of China (PBoC) implemented significant reforms to its monetary policy framework to enhance the effectiveness of its policy transmission and better support economic growth.
Tue, 19 Aug 2025 21:00:03 -0400
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve's Jackson Hole annual symposium later this week for clues on the path for monetary policy.
Tue, 19 Aug 2025 20:37:58 -0400
Japan Exports YY -2.6% vs -2.1% expected Japan Imports YY -7.5% vs -10.4% expected This article was written by Arno V Venter at investinglive.com.
Tue, 19 Aug 2025 19:51:31 -0400
Japan Machinery Orders YY 7.6% vs 5.0% expected Japan Machinery Orders MM 3.0% vs -1.0% expected This article was written by Arno V Venter at investinglive.com.
Tue, 19 Aug 2025 19:50:31 -0400
China's Wang Yi, after meeting with India's Modi, said they reached an agreement to restart dialogue mechanisms in various fields. He said under the current international situation, the strategic value of China-India cooperation is more prominent.
Tue, 19 Aug 2025 19:29:47 -0400
US Treasury Chief Bessent said the US has had very good talks with China. He said the status quo with China is working very well.
Tue, 19 Aug 2025 19:25:20 -0400
Markets are almost fully pricing in a 25bp rate cut, which would take the RBNZ's Official Cash Rate down to 3.00%. OIS pricing is currently sitting around a 92% probability for a cut.
Tue, 19 Aug 2025 19:11:16 -0400
North Korea's Kim Yo Jong said South Korea cannot be a diplomatic counterpart to North Korea, according to Yonhap. She said South Korea's President Lee Jae Myung cannot turn the tide of history.
Tue, 19 Aug 2025 17:19:37 -0400
Natural gas extended its decline Tuesday, breaking recent lows and confirming a bearish continuation, with traders eyeing potential downside targets clustered between $2.54 and $2.51.
Tue, 19 Aug 2025 17:12:34 -0400
It wasn't a great day for risk sentiment yesterday. The S&P 500 closed -0.57% at 6,412, the Nasdaq 100 -1.39% at 23,385, while the Dow was basically flat (+0.02%) and small caps (RUT) fell 0.77%.
Tue, 19 Aug 2025 17:02:45 -0400
Markets barely moved on Monday despite the high-level peace talks in the background. There was some progress, but significant barriers persist.
Tue, 19 Aug 2025 17:00:00 -0400
Looking ahead, the Pound to Australian Dollar exchange rate may extend its gains through the middle of the week, with the publication of the UK's consumer price index. July's CPI release is forecast to report another acceleration in inflation, with economists predicting price growth will climb from 3.6% to 3.7%, its highest level since.
Tue, 19 Aug 2025 17:00:00 -0400
Crude oil extended its consolidation activity Tuesday, holding between $62.19 support and $64.18 resistance, as traders weigh potential bearish continuation against signs of short-term reversal.
Tue, 19 Aug 2025 16:58:06 -0400
A White House official said Trump and Hungary's Orban discussed Ukraine's EU accession talks. They also discussed Budapest as a possible site for a Zelenskiy-Putin meeting.
Tue, 19 Aug 2025 16:49:05 -0400
Results via oilprice.com on X: Expectations ahead of the release that I could see was: Headline crude -0.3mn barrels Distillates +0.7mn bbls Gasoline -0.7 mn This data point is from a privately-conducted survey by the American Petroleum Institute (API). It's a survey of oil storage facilities and companies The official report from the EIA is due Wednesday morning US time.
Tue, 19 Aug 2025 16:45:58 -0400
Bloomberg reported that Mexico will propose reinstating a North American steel committee. The aim is to improve trade ties with the US.
Tue, 19 Aug 2025 16:17:16 -0400
Oil traders cut their bets on additional Russia-related sanctions.
Tue, 19 Aug 2025 14:30:23 -0400
With CPI easing but PPI spiking, Powell's Aug. 23 Jackson Hole speech lands as markets reassess a September cut. Tariff pass-through risks and softening jobs strain the Fed's dual mandate.
Tue, 19 Aug 2025 14:10:02 -0400
The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on Tuesday, as traders reposition ahead of key macro catalysts, including the release of the Federal Reserve's (Fed) July meeting minutes and the Jackson Hole Symposium later this week. The Greenback edges higher across the board amid cautious sentiment, adding pressure on the Kiwi ahead of Wednesday's Reserve Bank of New Zealand (RBNZ) interest rate decision.
Tue, 19 Aug 2025 13:45:02 -0400
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