SEPTEMBER – PBoC cuts Yuan reference rates by 0.22% to 6.377 a dollar

SEPTEMBER – PBoC cuts Yuan reference rates by 0.22% to 6.377 a dollar

Announcement Date: September 3, 2015

September 3rd: Draghi sends a dovish signal to the markets at the ECB meeting. “Will do more if needed to boost inflation”;

September 9th: RBNZ cuts rates from 3.00% to 2.75%;

September 10th: PBoC cuts Yuan reference rates by 0.22% to 6.377 a dollar;

September 17th: FOMC keeps rates on hold. Cites recent market rout and China’s Yuan devaluation and emerging market tantrum as reasons for not hiking rates. Markets now start to price in a rate hike only in 2016;

September 20th: Greece calls on fresh elections. SYRIZA voted to power again with a mandate to carry through with implementing its debtors austerity rules.

 

(Visited 17 times, 3 visits today)

Content Manager at Orbex