People Bank of China fixed the Yuan Mid-Point against the US dollar At 6.8171 (est 6.8133). China’s central bank is also to inject 100 bln yuan via 14-day reverse repos. The fixing restricts the onshore yuan’s daily moves to 2% on either side of it
Read More »FX Option Expiries For Sept 29 NY Cut
FX option expiries for Sept 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1600 512m USD/JPY: USD amounts 104.75 376m105.00 2.6bn105.10 375m105.30 685m105.32 444m105.35 404m NZD/USD: NZD amounts 0.6580 343mEUR/GBP: EUR amounts 0.9155 571m
Read More »ECB’s Lagarde: ECB Continues to Stand Ready to Adjust All of Its Instruments
The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs. “In the current environment of elevated uncertainty, the Governing Council will carefully assess all …
Read More »The Turkish Lira Drops to Fresh Lows Weighted by Caucasus Conflict
The Turkish lira fell to record levels against the dollar, the euro and the pound on Monday, September 28, in light of fears of increasing Turkey’s intervention in the rapidly escalating conflict in the Caucasus, despite the sudden interest rate hike last week in order to support the currency. The …
Read More »Germany Proposes Rule of Law Conditions For Accessing EU’s COVID Recovery Fund
European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Quotes according to Reuters “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.”“Respect for …
Read More »PBOC: We Will Maintain Ample Liquidity And Reduce Financing Costs
The People’s Bank of China said it will maintain reasonably ample liquidity and direct funding costs down. The People’s Bank of China said in a statement after a meeting of its monetary policy committee that it would make this policy more flexible and targeted. He went on to say that …
Read More »US Dollar Near a Two-Month High Amid Political And Economic Risks
The dollar traded near a two-month high against a basket of currencies on Monday, September 28, while doubts about an economic recovery continued before a batch of economic data and political developments in the United States. The recovery of US stocks on Friday contributed to limiting the rise of the …
Read More »Oil is Falling on Uncertainty Surrounding The Recovery of Demand
Oil prices fell on Monday, September 28, as the high number of coronavirus cases dampened hopes for a smooth recovery in fuel demand, while the two major benchmarks are moving towards recording their first monthly decline in several months after falling last week. By 06:52 GMT, Brent crude was down …
Read More »Gold Rises as US Dollar Weakens, Eyes on a debate between Trump and Biden
Gold prices rose on Monday, September 28, as the dollar retreated from a two-month high last week as political uncertainty increased ahead of the first presidential debate between US President Donald Trump and his Democratic rival, Joe Biden. Gold rose in the spot market 0.1% to $ 1861.13 an ounce …
Read More »Nikkei Ends Higher on Boost From Ex-Dividend Stocks
Japanese stocks closed higher on Monday, September 28, in light of greater demand for stocks whose cash dividends are due to expire this week, but US-Chinese tensions limited the gains. The Nikkei rose 1.32% to 2,3511.62 points, while the broader TOPIX index gained 1.69% to 1,661.93 points. All sub-sector indices …
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