PBOC is expected to set the USD/CNY reference rate at 7.2842 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting...
Tag : Expected
Canada budget blow-out: 62bn CAD deficit vs. 40bn expected previously
Canada fiscal update Canada fiscal update sees 2023/24 deficit of C$61.9 billion vs C$40 billion expected in April, breaching fiscal anchor of maintaining 2023/24 deficit...
Eurozone GDP, Employment Better than Expected; Euro Weakens
Created on December 09, 2020 Eurostat revises GDP, employment figures; EUR weakens against the USD; Eurozone economy has a lot of ground to regain. Eurostat...
UK Unemployment Better than Expected, Pound Recovers
Pound is pushed higher by positive unemployment data and remaining Brexit optimism; UK economic data is mixed, though solid. The United Kingdom’s Office for National...
ECB Lowered Rates by 25bps As Expected, Removed Hawkish Statement Wording
The European Central Bank (ECB) lowered its key interest rates by 0.25% as expected, bringing the deposit facility rate to 3.00%, while signaling a potentially...
New York Manufacturing Index Pulls Back More Than Expected In December
After reporting a sharp increase by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a...
Canada November housing starts 262.4K vs 245.1K expected
Home starts from the CMHC: October starts revised to 242.2K November starts 262.4K There is some variance in these numbers and the six-month average is...
Forex Today – 11/12: Uptick in US Inflation Expected Today
Created on December 11, 2024 Markets will be closely watching the release of US CPI (unemployment) data today. The USA will see the release of...
US Inflation Rises to 2.7% in November, as Expected
Created on December 11, 2024 The US consumer price index (CPI) climbed higher for a second straight month in November. CPI ticked higher to 2.7%...