Easing hopes and a falling Yuan
A surprise fall in the CNY was the main event on Friday says NAB's Taylor Nugent as markets take stock of a week o central bank news.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 25th March 2024
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The CNY fell sharply on Friday after Chinese authorities set the daily reference rate weaker than expected. NAB’s Taylor Nugent talks through the consequences and repercussions of an approach that might be less contained. Meanwhile markets are responding to the commentary form Central banks last week. How would you sum it up in one word, asks Phil? Later? No, quite the reverse says Taylor. Particularly in the UK. Although ‘later’ still applies to the RBA and perhaps, to the FOMC. It’s a quiet, short week, but a lot off the key data emanates from Australia, including CPI on Wednesday.
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