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Market Spotlight: USDCNH Rallying on Latest PBoC Action

CNY Falling FurtherThe Chinese Yuan is weakening further across early European trading on Monday. Following the MLF cut we saw last week, the PBoC this week announced an unscheduled reduction in its...

Market Spotlight: China Lockdown Risks Back in Focus

China COVID Cases Rising AgainFears are growing over the potential for fresh lockdowns in China amidst report of a new surge in COVID cases there. Following the recent removal of social restrictions...

Global Central Banks may Underestimate Inflation. Here is why

Deutsche Bank, one of the first major global investment banks, recently stated in its report that the global economy will face a recession next year. Some time later, bank analysts came up with an...

Market Spotlight: Yuan Under Pressure As Inflation Surges

China CPI Surges AgainCPI data from the world’s second largest economy overnight showed that price pressures continued to grow last month. CPI was seen jumping 1.5% on the month, up from the prior...

Encouraging Words From China Ahead Of Expected Biden-Xi Meeting

China Willing To CooperateIn a sign that tensions between the US and China might finally start to cool, the country’s premier said last night that China is willing to manage its differences with the...

Aussie Shrugs Off China Trade Tensions

Aussie/China Tensions Back in FocusThe trade war between China and Australia was a key theme over last year and much of this year. However, global focus has pivoted over recent month. The spiralling...

China Backpedals On Aussie Coal Ban

Aussie Coal To Be UsedIn the latest sign of just how far reaching the global energy crisis has become, China has been forced to backpedal over its ban on Australian coal imports. The near two-year...

ASX200 Slides As Evergrande Misses Interest Payments

Risk Aversion BuildsGlobal equities markets have come under fire on Friday following news that struggling Chinese property develop Evergrande failed to pay its $180 million interest payments...

Chinese Central Bank Pushes Back Against Higher Market Rates

Liquidity InjectionThe Chinese central bank (PBoC) announced its latest easing measures today, noting that it had increased the amount of funding offered through its seven-day reverse repos to 50...