News
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NDRC: China has ample policy room, tools to support economic recovery
An official at the National Development and Reform Commission (NDRC), China’s state planner, said on Tuesday that “China has ample policy room and tools to support economic recovery.” The NDRC official said he “expects China's economy to sustain recovery momentum in November and December.” Market reaction At the time of writing, AUD/USD is trading modestly flat on the day near 0.6505.
Fxstreet
Tue, Nov 19
Japan’s Kato: Closely watching FX moves with the utmost sense of urgency
Japan’s Finance Minister Katsunobu Kato on Tuesday that he is “closely watching FX moves with the utmost sense of urgency.” Additional quotes Important for currencies to move in a stable manner reflecting fundamentals.
Fxstreet
Tue, Nov 19
Japan’s Akazawa: Crucial to boost pay for all generations with the economic package
Japan's Economy Minister Ryosei Akazawa noted on Tuesday that it is “crucial to boost pay for all generations with the economic package.” He further noted that he is “aiming for cabinet approval of the economic package soon.” Market reaction At the time of writing, USD/JPY is consolidating the latest leg down just above the 154.00 level, shedding 0.36% on the day.Fxstreet
Tue, Nov 19
RBA minutes: Vigilant to upside inflation risks, policy must remain restrictive
The Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting on Tuesday, highlighting that the board remains vigilant to upside inflation risks and believes policy needs to remain restrictive.Fxstreet
Tue, Nov 19
ECB's Lagarde: Europe is falling behind in innovation and productivity compared to the US
European Central Bank (ECB) President Christine Lagarde said on Monday that Europe should pool its resources in areas like defense and climate as its productivity growth falters and the world fragments into rival blocs, per Bloomberg.Fxstreet
Tue, Nov 19
