The PBOC sets the yuan’s midpoint daily, allowing a 2% fluctuation band while intervening to maintain stability.
ECB may cut deposit rate to 2% by summer; QE weakens Euro, while QT strengthens it.
GBP may face pressure as the BOE cuts rates faster than expected, with potential risks from trade policies.
Jose Luis Escriva stresses caution in monetary policy amid uncertainty, with the ECB assessing decisions meeting-to-meeting.
BOJ remains unconcerned about gradual bond yield increases, allowing market forces to dictate long-term rates.
EUR/USD rose to 1.0480 after Germany’s election. Weaker US PMI data contributed to the dollar’s decline.
Andrew Bayly’s resignation may impact New Zealand’s political landscape, causing uncertainty and varied reactions among stakeholders.
New Zealand’s retail sales rose 1.4% in Q4, reversing a 0.8% decline, indicating improving consumer spending.
Escriva urges caution, cites “extraordinary uncertainty,” and emphasizes a flexible approach to monetary policy amid weak demand.
CDU/CSU won 28.5%, AfD 20%, and SPD 16.5%. EUR/USD rose 0.18% to 1.0480.
