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Central Banks

Mon, Sep 07, 2026 03:02 PM All times are UTC

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PBoC set CNY fixing rates lower again

Aug 12, 2015 07:39 am UTC| Commentary Central Banks

PBoC spiked the USD-CNY fixing rate by another 1008pips, or 1.62% this morning to 6.3306. The fixing rate is 0.09% weaker than yesterdays closing. The offshore CNH breached above 6.50 this morning after the CNY fixing,...

PBOC enters a new currency regime

Aug 11, 2015 22:44 pm UTC| Commentary Central Banks

The PBOC entered a new currency regime last night, effectively switching from a currency peg to a managed float. The move was probably motivated by two factors: (1) the delay of the SDR decision by nine months served as an...

PBoC stuns with Yuan devaluation - hedging activity to intensify

Aug 11, 2015 06:41 am UTC| Insights & Views Central Banks

In an announcement, the Chinese central bank has mentioned that it had tainted the way it computed the currencys daily midpoint against the greenback, now taking the midpoint from market-makers quotes and the previous days...

BOE tightening cycle likely to start in November

Aug 10, 2015 07:58 am UTC| Commentary Central Banks

Markets clearly perceive the cyclical positions of the US and UK to be similar and a gentle increase in US short rate expectations has been accompanied by rising expectations that the MPC cold start to unwind stimulus in...

NFP review in light of FOMC comments

Aug 07, 2015 12:59 pm UTC| Insights & Views Central Banks

Today US non-farm payroll pointed at weaker job gains for month of July, which casts some doubts over FEDs ability to hike rates after comments in last FOMC. In last FOMC, FED officials pointed that they are looking for...

Bank of Japan holds course

Aug 07, 2015 07:09 am UTC| Commentary Central Banks

The JPY has been under pressure for some days now, particularly against the USD. The Bank of Japans meeting did not move the FX markets during the night. As expected, not much has changed in Japan. The BoJ continues to buy...

BOJ leaves policy unchanged despite Zero Inflation

Aug 07, 2015 04:04 am UTC| Commentary Central Banks

The BOJ has kept policy settings unchanged since October when the central bank last expanded its Qualitative and Quantitative Easing (QQE) program, which currently has the monetary base expanding at a rate of around 80...

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Economy

Hungary Industrial Output Beats Forecasts With 4.7% July Growth

Hungarys industrial output increased 4.7% year-on-year in July, beating market expectations and signaling continued growth in the countrys manufacturing sector, preliminary data showed on Monday. According to Hungarys...

Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher

Iran plans to establish a new restricted zone in the Gulf and introduce shipping routes through the Strait of Hormuz, escalating tensions after renewed U.S.-Iran strikes disrupted maritime traffic and pushed oil prices...

UK House Prices Fall for First Time Since 2023

UK house prices recorded their first annual decline in nearly three years in August as higher borrowing costs and economic uncertainty weighed on buyer demand, according to new data from Lloyds. House prices fell 0.4%...

Asian Currencies Mixed as Yen Rallies on BOJ Bets

Asian currencies traded mixed on Monday as the U.S. dollar hovered near recent lows, while the Japanese yen strengthened further on expectations of a Bank of Japan rate hike and potential currency intervention. The U.S....

US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets

U.S. stock futures traded mixed Sunday evening as investors digested a stronger-than-expected August jobs report that increased expectations for a Federal Reserve interest rate hike in September. Trading activity was...

Politics

Kyiv Mothers Give Birth Amid Russian Drone Attacks

Women in Kyiv are giving birth under the constant threat of Russian drone attacks, highlighting how Ukraines escalating air war is reshaping everyday life and deepening the countrys demographic crisis. Alyona Bohatyrenko,...

Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy

Iran pledged to intensify efforts to counter mounting U.S. sanctions and economic pressure, while a senior official warned Washington that any further attacks would trigger a faster and more severe Iranian response. Six...

EU to Boost Greenland Investment Amid Trump Pressure

European Commission President Ursula von der Leyen is expected to announce a major increase in EU investment in Greenland on Monday, strengthening economic and political ties as U.S. President Donald Trump continues to...

Netanyahu Orders West Bank Settler Outposts Dismantled

Israeli Prime Minister Benjamin Netanyahu has ordered unauthorized settler outposts in the West Bank to be dismantled amid growing U.S. pressure on Israel to curb violence against Palestinians, according to two people...

Putin Meets US Envoys in Moscow as Ukraine Peace Push Intensifies

Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner on Saturday as Washington stepped up efforts to negotiate an end to the Ukraine war. Kremlin aide Yuri...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Huawei Launches Mate XT2 Foldable Phone in China

Huawei unveiled its latest flagship foldable smartphone, the Mate XT2, on Monday as the Chinese technology giant looks to maintain its dominance in the countrys premium smartphone market amid growing competition from Apple...

Nvidia CEO Says AGI Has Arrived With OpenAI GPT-6 Astra

Nvidia (NASDAQ: NVDA) CEO Jensen Huang has declared that artificial general intelligence, or AGI, has arrived, pointing to OpenAIs newly launched GPT-6 Astra as a major milestone in the accelerating development of...

SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says

SpaceXs plan to manufacture industrial gas turbine blades and vanes is unlikely to significantly threaten Howmet Aerospace, according to Bernstein analysts, who see recent weakness in Howmet shares as a potential buying...

Anthropic IPO Marketing Expected to Start in Mid-October

Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest, as the artificial intelligence company adjusts the timeline for what could become one of the largest IPOs in history. The...

Japan, US Target AI and Chips in $550 Billion Investment Push

Japan and the United States are advancing a $550 billion investment initiative, with artificial intelligence and semiconductor projects expected to become major priorities in the next phase of the economic partnership,...