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Week in FX Asia – Chinese Power Transition as Growth Improves

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Week in FX Asia – Chinese Power Transition as Growth Improves

The 10 year power transition in China will happen next week. President Hu Jintao is expected to step down with current VP Xi Jingping in line to be the new leader for the next 10 years. On the economic front there has been encouraging news out of the manufacturing sector where an increase in activity has grown.

The Bank of Japan boosted its stimulus program but the size was below market expectations. This resulted in the Yen strenghtening against USD and EUR which was the opposite what the Central Bank wanted.

 


 

 
 

 

 

 

WEEK AHEAD

  • USD ISM Non-Manufacutring Composite
  • AUD Reserve Bank of Australia Rate Decision
  • EUR Euro-Zone Producer Price Index (YoY)
  • AUD Employment Change
  • GBP BOE Asset Purchase Target
  • GBP Bank of England Rate Decision
  • EUR European Central Bank Rate Decision
  • EUR German CPI
  • USD U. of Michigan Confidence
 
 

 

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Posted-In: News Forex Global Markets

 

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