China March dollar-denominated exports +12.4% y/y China Customs says detected salmonella in imported American poultry meats and bone meal Goldman Sachs has raised its year-end gold price target to US$3,700 per ounce Bank of Japan Governor Ueda says US tariffs likely to weigh on global & Japanese economies Xi Jinping calls for deeper China-Vietnam cooperation […]
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2110 as compared to Friday’s fix of 7.2087 and 7.3251 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, and
The People’s Bank of China is expected to cut rates amidst the escalating Trump trade war. Earlier: China to step up stimulus, PBOC eyes rate and RRR cuts in Q2 China may cut interest rates and the reserve requirement ratio (RRR) if the trade war with the United States begins to significantly weigh on economic
AUD/USD draws support from risk appetite, clings to 0.6300 early Monday. Only 20% and not 145% US tariffs on China’s semiconductors and electronics provide some relief to markets. The focus remains on Chinese trade data and Fedspeak later for fresh trading incentives. AUD/USD is holding the three-day recovery momentum from five-year lows on Monday at
We had some data from China over the weekend, see the first two lines in the screenshot below. The focus of the session is the trade data from China, the time in the screenshot (0300 GMT) is only a guide). Exports are expected to have jumped higher as pipeline jamming ahead of higher tariffs played
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China New Loans came in at 3640B, above forecasts (3000B) in March Source link
The White House’s Stephen Miller — who is prickly at the best of times — is out with a tweet noting that 20% fentanyl tariffs still apply to China. He wrote this in response to a Washington Post article: Washington Post: maybe your reporters should try reading before posting. These products are subject to the
Weekend info on what appears to be a reversal on tariffs from Trump, an easing on tech goods. The U.S. Customs and Border Protection issued a notice late Friday stating that certain goods would be excluded from both Trump’s 10% global tariff on most countries and the significantly higher import tax on Chinese products. Smartphones
It has been a brutally volatile week across global markets, driven by a whirlwind of US tariff implementations, abrupt reversals, and rapid retaliatons. Investors were left scrambling to make sense of the White House’s constantly shifting trade stance. We won’t attempt to recap every step of the tariff saga, when even members of the administration
