News
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COMMENT-China Policy Watch-Yuan isn't a stimulus option
March 4 (Reuters) - China clearly has several stimulus options available as policymakers head into a much-anticipated parliamentary meeting this week. Weakening the yuan to support export competitiveness is unlikely to be one of them.The top legislative body, the National People's Congress (NPC)...Reuters
Tue, Mar 4
Australia, NZ dollars bow to trade risk, bonds bet on rate cuts
By Wayne Cole SYDNEY, March 4 (Reuters) - The Australian and New Zealand dollars slipped on Tuesday as tit-for-tat tariffs abroad pressured trade-exposed currencies, while bonds benefited from bets a global trade war would spur more policy easing to buttress economic growth.President Donald Trump...Reuters
Tue, Mar 4
COMMENT-USD/JPY decline resumes after recent bounce
March 4 (Reuters) - The USD/JPY downward trajectory has resumed after Monday's bump up to 151.30. Tests lower appear likely given U.S. President Donald Trump's pronouncements on the Japanese and Chinese currencies nL3N3PM1SK, narrower Japan-U.S. yield differentials and haven flows into the y...Reuters
Tue, Mar 4
China's yuan holds steady as PBOC lends support through firmer fixing
SHANGHAI, March 4 (Reuters) - China's yuan held steady against the dollar on Tuesday as the central bank continued a strengthening bias in its daily official guidance, with the market interpreting it as an attempt to prevent the Chinese currency from sliding.The yuan has faced renewed depreciati...Reuters
Tue, Mar 4
FOREX-Canadian dollar, Mexican peso at one-month low as US tariffs set to take effect
Trump says 25% tariffs on Mexico and Canada to start on TuesdayTrade war worries hit risk sentimentEuro steady ahead of ECB meeting on ThursdayBy Ankur Banerjee SINGAPORE, March 4 (Reuters) - The Canadian dollar and the Mexican peso hunkered near their lowest in a month on Tuesday as trade war fe...Reuters
Tue, Mar 4
BUZZ-Japan data on weak side today, BOJ stance unchanged despite
Tad weaker economic data out of Japan today, likely won't affect BOJ stanceJanuary unemployment up a tick to 2.5%, unchanged 2.4% eyedThat said, jobs-applicants ratio up to 1.26 from Dec 1.25, 1.25 eyedAlso MOF survey showed Q4 CAPEX +0.6% q/q but off 0.2% y/y, rise eyed in '25Recurring corp...Reuters
Tue, Mar 4
BUZZ-USD/JPY off with US yields, JPY haven flows again too?
USD/JPY off overnight on the back of even lower US yields, JPY haven flows?Down to 149.11 EBS into the New York close, Asia so far today 149.15-62Back below the still descending daily Ichimoku tenkan currently at 149.25Also back below descending 200-HMA at 149.97, cloud between 149.87-150.33US yield...Reuters
Tue, Mar 4
Trump says Japan, China cannot keep reducing value of their currencies
March 3 (Reuters) - U.S. President Donald Trump said on Monday he told leaders of Japan and China they cannot continue to reduce the value of their currencies as doing so would be unfair to the United States."I've called President Xi, I've called the leaders of Japan to say you can't...Reuters
Mon, Mar 3
