Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Read more…
BoC is widely expected to raise the Overnight Rate by another 50bps to 1.50% today. Governor Tiff Macklem had recently noted that interest rates may need to go above the neutral range, estimated to be Read more…
China Caixin PMI Manufacturing rose from 46.0 to 48.1 in May, below expectation of 49.4. Caixin said output and new orders both declined at slower rates. Suppliers’ delivery times continued to lengthen markedly. Output charges Read more…
Japan PMI manufacturing was finalized at 53.3 in May, down from April’2 53.5. S&P Global noted softer expansions in production and incoming new business. Supply chain disruption encouraged firms to bolster safety stocks. Input prices Read more…
Australia GDP grew 0.8% qoq in Q1, above expectation of 0.6% qoq. GDP also grew 3.3% through the year. Nominal GDP rose 3.7%. The GDP implicit price deflator increased 2.9%, the fastest rate since March Read more…
BoJ Deputy Governor Masazumi Wakatabe said in a speech, “since rises in energy and food prices are mainly caused by cost-push factors from abroad, it is desirable to respond to them through measures other than Read more…
Atlanta Fed President Raphael Bostic said yesterday that a pause in tightening in September might be a good idea, because market responses had been “far stronger than what we’ve historically seen.” “I want to make Read more…
The Bank of Canada will probably stick to the script on Wednesday at 14:00 GMT, announcing another jumbo rate hike to rein in inflation. The Canadian dollar, however, may not respond aggressively as investors have Read more…
Employers may not be posting as many new job openings as they were late last year, and at the margin, more Americans are claiming unemployment benefits than were at the start of this quarter… This Read more…
Output expands by a moderate 0.8%. Domestic demand robust at 1.6%. Weather disruptions and omicron wave disrupted production. Household saving ratio moderated in Q1, but still elevated at 11.4%. Output expanded by a moderate 0.8% Read more…