There are plenty of Reserve Bank of Australia opinions all over the place: - Westpac are tipping a cut: - NAB are also, but say October or November:
Evergrande warned of cash troubles yesterday and fear is spreading Friday in China The group warned Chinese officials it faces a potential default. Fears are such a large default could become a systemic issue.
Forex news for Asia trading Friday 25 September 2020 There was not a lot to move major FX from news nor data flow during the session. The most impact came from news that China government bonds (CGBs) look set to be included in the FTSE Russell flagship World Government Bond Index (WGBI). The index is made up of mostly developed market bonds
OK, re the alphabet soup headline: The news earlier: Adding an estimate from Goldman Sachs, that they expect inflows of around US$140 bn into mainland bonds over the inclusion period.
The news earlier gave a boost to CNH: FTSE Russell will add China government bonds to benchmark WGBI index next year Deutsche Bank with the implications (this is summary, bolding mine):
China's purchasing managers' indexes for September are due on September 30 (at 0100GMT) The official PMIs from the NBS. Manufacturing Non manufacturing
Both exports and imports declined in August 2020, but the surplus on goods remained. Note this is preliminary data and subject to revision. Year-on-year exports in August 2020 declined $5,545m (-16%)
Reserve Bank of Australia opinions flying about, these from earlier: A piece now from the (may be gated), a 'no cut'. In brief: Wall Street Journal Also this:
People's Bank of China onshore USD/yuan mid-rate - 110 bn in RRs mature today - Net drain is therefore 20 bn yuan
