ForexLive Asia-Pacific FX news wrap: USD added a little to its gains
==========
China's senior party official says China's economic recovery is not strong enough; Japan PM Kishida says need to be cautious about effect of rising prices due to weak yen; Japan finance minister Suzuki scolds government minister speaking about markets; China says it will encourage the development and expansion of private economy; Japan private sector economic council members say can't overlook weak yen negative effects; Japan government minister Kono says he is not directly requesting the BOJ raise rates now; Wall Street Journal: "Top Democrats reportedly prepare for a campaign without Biden"; PBOC sets USD/CNY reference rate for today at 7.1315 (vs. estimate at 7.2706); New reports that Biden campaign is calling an all-staff meeting on Friday; Explosion reported in Tel Aviv - cause is unclear - looks to be near US consulate; BNP Paribas target 1.06 for EUR/USD; Japan data - June CPI Headline 2.8% y/y (vs. 2.9% expected); Westpac eyeing Australia expected to follow the same broad disinflation trend as peers; UK consumer confidence in July hits its highest in nearly 3 years; Fed's Daly sees inflation data improving, but says not at target yet; JP Morgan says they do not expect a Bank of Japan rate hike in July, or at all in 2024; NYT: Biden has begun to accept that he may not win in Nov, may have to drop out; Macquarie warns on populist US economic policies fueling inflation, shallow Fed rate cuts; UBS boost their end year S&P 500 target to 5900; Federal Reserve Bank of San Francisco President Mary Daly spoke, sounding a little less dovish than her FOMC colleagues have recently; Japanese inflation data for June shows an increase in the 'core-core' rate of inflation; Chinese Communist Party officials made positive comments about economic reform at the Third Plenum outcome news conference; Explosion reported in Tel Aviv due to a drone attack; Major FX traded in small ranges with the USD inching higher; Gold and oil prices fell; Donald Trump warns US Fed chair not to cut rates before the election; Global hedge funds reducing exposure to US stocks for 5 days in a row; US stocks advance after stronger retail sales; BOJ data does not suggest evidence of intervention on 17 July; IMF says Fed should wait until at least late 2024 to cut rates
#Usd #China #Japan #Boj #Biden #TelAviv #Eur/usd #Inflation #Fed #S&p500
https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-usd-added-a-little-to-its-gains-20240719/
Oddbean new post about login | logout