China June Industrial profits, +19.1% y/y
- prior +16.7%
For the January to June result, comes in at 22.0% y/y (Jan - May was +22.7% y/y)
Solid profits indeed - to this result
The post China June Industrial profits +19.1% y/y (+16.7% previously) appeared first on Forex news forex trade.
Terms of trade data from Australia for the April to June quarter, price indexes for ...
Imports -0.1% q/q, much lower than expected, main contributor to this fall was Petroleum and related products
The post Australia Q2 Import Price Index -0.1% q/q (expected +0.7%) & Export -5.7% q/q (exp -5.5%) appeared first on Forex news forex trade.
USD weak across the board after the Federal Open Market Committee statement - reflected by the People's Bank of China mid-rate. Lowest USD/CNY since October last year.
The post PBOC sets USD/CNY mid-point today at 6.7307 (vs. yesterday at 6.7529) appeared first on Forex news forex trade.
China has imposed a temporary ban on Australian beef
- Concerns relate to labels on some boxes of exported beef that do not match the labels on the packets inside
The post Australia press: China blocks Australian beef exports appeared first on Forex news forex trade.
This from the Wall Street Journal
The Journal goes on:
In recent weeks headlines have been dominated by the Senate's stop-start efforts to repeal and replace the Affordable Care Act.
The post WSJ on the US & “The Myth of Trump’s Do-Nothing Presidency” appeared first on Forex news forex trade.
My Twitter feed just lit up from the Australian media
All good - its football related: Wallabies captain Stephen Moore to retire from Test rugby at end of year
The post Shock announcement from Australia …. oh, its OK, footy – related appeared first on Forex news forex trade.
A bit of fun from CFR, but with a point - this on the valuation of China's currency:
Check it out here
Or, in brief:
- Both indexes currently show the dollar overvalued against most currencies
The post Is China’s yuan being manipulated? Big Mac vs. Mini Mac appeared first on Forex news forex trade.
Ahead of the yuan central rate setting for the day, a piece on coming flows into China's bond market
- Foreign investors own only about 3 percent of China onshore notes, but that will grow
The post BlackRock says index inclusion to drive flows into China onshore bonds appeared first on Forex news forex trade.
Yonhap citing South Korea's defense authorities, a military source saying "There's no sign detected this morning of North Korea's imminent missile launch"
The post No sign of North Korea’s imminent missile firing yet says South Korea appeared first on Forex news forex trade.