PBOC sets USD/ CNY reference rate for today at 6.4522 (vs. yesterday at 6.4615)
- 20bn mature today
- thus net neutral
FX option expiries for Thursday February 25 at the 10am NY cut
USD/JPY
AUD/USD
USD/CAD
NZD/USD
EUR/GBP
Australian 3 year bond yield rises despite RBA action
RBA is back buying 3-year ACGBs today
The Reserve Bank of Australia buying was aimed at getting the yield on the instrument down to around its target level of 0.1%
The Federal Reserve says all its services are back to normal
The Federal Reserve payment system is down
Fed announcing now that systems are back online and back to normal.
Australian capex data for Q4, headline +3.0% q/q (expected +1.0%, prior -3%)
RBA is back buying 3-year ACGBs today
New Zealand ANZ business survey for February, final: Business Confidence 7.0 (prior 9.4)
Activity Outlook down to 21.3
ANZ comments - saying the confidence drop is likely due to the snap lockdown in Auckland. Further key points highlighted by the analysts:
AUD/USD is creeping higher in Asia morning trade
The US yield climb has calmed which is giving renewed vigour to the global relation trade
The RBNZ is smiling, nodding at its newly imposed housing remit but their pushback started yesterday
The RBNZ welcomes the new remit, sort of:
(that's from an RBNZ statement, Governor Orr no less, on the new instructions)
Australian capex data due today - preview
expects that Q4 private business capex will fall 1.8%
We will also receive the latest update of capex plans, which will include Est 5 for 2020/21, as well as Est 1 for 2021/22 (with the initial estimate often unreliable).