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China ready to intervene in USD/CNH; Tells banks to prepare

After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.

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September 29, 2022 12:01 PM
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The PBOC cut lending rate, EUR/CHF set for new lows?

The PBOC lifted China’s equity markets and commodity FX pairs with another round of easing, aimed at supporting their flailing property market.

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Could the PBOC allow USD/CNH to head for 7.000

USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.

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China CPI, PPI, and RRR

The most impactful piece of news from China was the increase in the Reserve Requirement Ratio (RRR) by the PBOC from 7% to 9%

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December 9, 2021 12:19 PM
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Are China’s problems finally catching up? USD/CNH

It appears that the PBOC couldn’t keep the Yuan down any longer and may have “let it go” to take out stops below the market

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October 19, 2021 01:06 PM
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People’s Bank of China: a guide to China’s interest rates

The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets.

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April 28, 2021 01:26 AM

Stocks rebound on PBoC as EZ deflation boosts ECB QE prospects

The European stock markets started the new week and the last day of February on the back foot this morning. The kick-back rally had actually fizzled at the end of last week when oil prices also retreated from their recent highs due in part to profit-taking, while at the weekend, the G20 meeting ended with few surprises. News that German retail sales grew by an above-forecast 0.7 per cent month-over-month in January was offset by data showing a sharp 1.5% drop in import prices. Then at 10:00 GMT this morning, stocks jumped on the back of news the People’s Bank of China (PBoC) has cut banks' reserve requirement ratio by an additional 50 basis points. At the same time, fresh inflation data showed consumer prices in the Eurozone unexpectedly fell by 0.2% year-over-year in February, which raised the probability we may see the introduction of further monetary stimulus from ECB next month.

AUD/USD bounces on PBOC & Chinese trade data, but is it a false dawn?

It’s said that the night is blackest just before the dawn, and investors clearly had a very dim short-term outlook on China’s economy earlier this week. After some aggressive action from the People’s Bank of China (PBOC) and better-than-expected trade data, there is a glimmer of hope on the horizon, but only time will tell if it’s a false dawn or a real sign that things are getting better in the world’s second-largest economy.

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