The US dollar found a bit of a bid during the session, with lower EUR/USD, AUD/USD, NZD/USD and others,. USD/JPY got just above 150.35 and its not far from there as I update. Japan's finance minister Suzuki trotted out his usual yen supportive comments, but with little impact. • Japan finance minister Suzuki says closely watching fx moves. Otherwise there hasn't been much new for the yen. The big news during the session so far was the PBoC rate cut: • PBOC Rate CUT ___ (LPR): 1-year 3.45% (prior 3.45%) 5-year 3.95% (prior 4.20%). • China's largest ever cut to its benchmark reference rate for mortgages. • ... (full story)
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2024-02-20 05:28:00Z
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