Chinese Authorities Contemplating Weaker Yuan Amid Trump Trade Risks, Sources Suggest

Key Takeaways: 💸 Chinese authorities are considering letting the yuan weaken in response to potential U.S. tariffs under Trump 📉 Yuan depreciation could make Chinese exports cheaper and counteract tariff impacts 🗣️ People with knowledge of the discussions requested anonymity due to sensitivity of the matter 🏛️ The People’s Bank of China (PBOC) and State … Read more

Yen Surges as Wholesale Inflation Rises; Eyes on US CPI and Lucky Strike Maker BAT Forecasts Strong Revenue Growth

Key Takeaways: 💴 Japanese wholesale inflation accelerated, supporting the case for a Bank of Japan interest-rate hike 💹 U.S. dollar firm against major peers ahead of U.S. inflation data 🇦🇺 Australian dollar fell after dovish central bank policy 🇨🇳 Antipodean currencies boosted by China’s pledges for fiscal and monetary support 📈 U.S. dollar to yen … Read more