NZD: NZD/USD - A Dovish RBNZ Sees The NZD Try Break Lower
Aug-20 22:38
The NZD/USD had a range overnight of 0.5815 - 0.5841, Asia is trading around 0.5820. US equities too...
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ASIA: Government Bond Issuance Today
Jul-21 22:29
- South Korea to Sell KRW500bn 20-Year Bonds
- Hong Kong to Sell HK$12.6 Billion 182-Day Bills
- Hong Kong to Sell HK$63.431 Billion 91-Day Bills
- Bank of Thailand to Sell THB60bn of 92-Days Bills On...
- Bank Indonesia to Sell 365D SVBI Bills
- Bank Indonesia to Sell 92D SVBI Bills
- Bank Indonesia to Sell 32D SVBI Bills
- Bank Indonesia to Sell 274D SVBI Bills
- Bank Indonesia to Sell 186D SVBI Bills
- MAS to Sell S$15.5 Billion 28-Day Bills on July 22
- MAS to Sell S$1.8 Billion 255-Day Bills on July 22
- MAS to Sell S$22.1 Billion 84-Day Bills on July 22
- Philippines To Sell PHP 20.0Bln 2028 Bonds (PIBD0728D649*)
ASIA: Coming Up in Asia Today
Jul-21 22:27
| 0500GMT | 1200HKT | 1400AEDT | Malaysia CPI JUNE |
| 0800GMT | 1500HKT | 1700AEDT | Malaysia Foreign Reserves |
| 0900GMT | 1600HKT | 1800AEDT | Taiwan Export Orders YoY JUNE |
| 0900GMT | 1600HKT | 1800AEDT | Taiwan Unemployment Rate JUNE |
source: Bloomberg Finance LP / MNI
FED: Bessent Urges Fed Review Of Non-Monetary Operations To Boost Credibility
Jul-21 22:25
US Tsy Secretary Bessent has posted on X, reiterating earlier remarks that he made on CNBC, where he called on the Federal Reserve to review its non-monetary policy operations. Some of the key snippets are outlined below. This comes amid on-going speculation around whether US President Trump will look to remove Fed Chair Powell before the end of his tenure.
- "Today in a CNBC interview, I called for a review of the Federal Reserve. It is my belief that the central bank should conduct an exhaustive internal review of its non-monetary policy operations. Significant mission creep and institutional growth have taken the Fed into areas that potentially jeopardize the independence of its core monetary policy mission."
- "While I have no knowledge or opinion on the legal basis for the massive building renovations being undertaken on Constitution Avenue, a review of the decision to undertake such a project by an institution reporting operating losses of more than $100 billion per year should be conducted.
- The Fed does regular reviews of its monetary policy framework. I would urge Fed leadership to similarly undertake, publish and implement a comprehensive institutional review across its entire mission to buttress its credibility. It will go a long way towards strengthening the Fed’s credibility with the American people on its core mission of guiding our nation’s monetary policy."
