EUR/USD
1.19106
0.135%
Gold
5048.99
0.472%
Oil
64.396
0.572%
USD/JPY
153.679
-0.457%
GBP/USD
1.36582
0.122%
GBP/JPY
209.902
-0.328%
Real-time News
February 11th - The yen strengthened against most G10 and Asian currencies in early trading, primarily driven by concerns about potential intervention in the foreign exchange market by Japanese authorities. Philip Wee, a foreign exchange strategist at DBS Bank, noted that Japanese Finance Minister Satsuki Katayama and top foreign exchange official Jun Mimura have reiterated their close monitoring of any excessive yen depreciation. He stated, "Their statements have kept market concerns about foreign exchange intervention alive." Wee added that the USD/JPY pair fell for the second consecutive trading day overnight, driven by profit-taking, after already declining 0.9% on Monday.On February 11th, CICC released a research report pointing out that the Peoples Bank of Chinas (PBOC) monetary policy report showed strong continuity, aligning with the Central Economic Work Conferences emphasis on "improving quality and efficiency" rather than simply quantitative easing. We believe the real focus is not just on the changes in the reports wording, but more importantly, on a significant trend in Chinas monetary policy mix: how will the policy combination of the PBOC not expanding its balance sheet while commercial banks expand theirs evolve? Considering bank capital constraints, we expect a slowdown in the pace of bank balance sheet expansion to be the general trend. Faced with slower bank balance sheet expansion and faster non-bank expansion, monetary policy still needs to ensure the financial system supports fiscal expansion and stabilize government bond yields. Simultaneously, the PBOC may need to use more proactive open market operations or reserve requirement ratio (RRR) cuts to ensure money market stability and pay closer attention to the transmission effect of interest rate policy, especially for key vulnerable sectors.February 11th - At a regular press conference held by the Taiwan Affairs Office of the State Council on February 11th, a reporter asked about TSMCs plan to mass-produce related chips in Kumamoto Prefecture, Japan. In response, spokesperson Zhu Fenglian stated that the DPP authorities are pursuing their own political interests, harming Taiwans industrial prospects, and detrimental to the vast majority of Taiwanese people.February 11th - The national-level overseas comprehensive service platform was officially launched on February 11th. This is an important measure to implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and improve the overseas comprehensive service system. The platform integrates service resources from numerous fields, including law, finance and taxation, foreign affairs, trade and economy, logistics, customs, and trade promotion. It connects various entities such as relevant departments, industry organizations, service agencies, embassies and consulates abroad, and over 100 foreign investment promotion agencies. With over 260 sections and links to 37 sub-platforms, it provides "one-stop" public services to 52,000 overseas enterprises, hundreds of thousands of foreign trade enterprises, and thousands of overseas contracting and labor cooperation enterprises.Reserve Bank of Australia Deputy Governor Hauser: A stronger Australian dollar helps tighten financial conditions.
