Euro Still Fragile As EU PMIs Indicate Renewed Weakness – FxWirePro’s EUR/JPY Bearish Hedging Vehicles Productive
Singaporean headline inflation falls in April, unlikely to return to positive territory before end of 2020
RBA Maintains Status Quo In Expansionary Mode Of Monetary Policy - Relative Values in Aussies Via Optionality
Australia’s construction work falls at smaller than expected rate in Q1, pandemic impact on activity to be apparent in Q2
PBoC likely to remain calibrated and restrained in policy easing, says Commerzbank
The People’s Bank of China (PBoC) is expected to remain calibrated and restrained in policy easing, according to the latest research report from Commerzbank.Both China and the US have taken mini but continuous steps before the formal October trade talks.
After both sides have waived tariffs on some billions of imports, China is poised to purchase more US farm goods according to latest media reports, which has created some favourable conditions for the upcoming negotiations. President Trump reiterated that he would want to seek a "great" deal.
On a separate note, PBoC's governor Yi Gang yesterday said that the policy makers aim to prevent financial system from destabilizing, signaling that the central bank has little intention to conduct aggressive monetary easing despite growth slowdown, the report added.