China economist says phase one trade deal likely this year if there is no disturbance
Here is more on China’s chief negotiator's 'cautious optimism' on a trade deal
If you'd like more, here is the Bloomberg story available now:
AUD traders - Moody's downgrades Australian states' outlook to 'negative'
Ratings agency Moody's has downgraded its outlook for state governments
Moody's further notes
China's head trade negotiator Liu "cautiously optimistic" about reaching a trade deal
Up until this the news on the trade deal has been universally dour.
Risk jumping on this comment (Bloomberg reported it).
Morgan Stanley like the AUD, cite RBA dovishness diminishing
RBA to reduce its dovishness as the housing market recovers
China's Vice President says China still faces severe external and internal challenges
So far nothing specific from him on what appears to be diminishing prospects for a US-China trade deal.
PBOC sets USD/ CNY reference rate for today at 7.0217 (vs. yesterday at 7.0118)
No OMOs today.
FX option expiries for Thursday November 21 at the 10am NY cut
- 1.0950 684m EUR
- 1.1000 1.2bn
- 1.1025 605m
- 1.1035 669m
- 1.1050 884m
- 1.1090 1.2bn
AUD/JPY slipping. If you are wondering why ….
Just a few of the recent headlines ICYMI ….
Forex risk not liking it, AUD/yen for example. Slow droop though:
Goldman Sachs expect the global economic growth slowdown to end soon
- annual-average GDP growth is likely to rise only modestly from 3.1% in 2019 to 3.4% in 2020,
A little more from the note: