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Australia Private Capital Expenditure above forecasts (0.5%) in 3Q: Actual (6.4%)

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day’s trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan’s value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency’s value.

This article was written by Eamonn Sheridan at investinglive.com.

more to come

This article was written by Eamonn Sheridan at investinglive.com.

GBP/USD accelerated into a fifth straight winning session on Wednesday, gaining another 0.55% on the day and pushing through the 1.3200 handle.

New Zealand November business confidence 67.1%, the highest in 11 years

• prior 58.1%

Business activity 53.1%

• prior 44.6%

New Zealand posting solid numbers yet again.

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Earlier:

• RBNZ’s Hawkesby says policy now stimulatory but warns on global independence risks
• New Zealand Q3 retail sales show huge jump, much improved from Q2

The news from yesterday has lifted the NZD:

• investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ
• investingLive Americas FX news wrap 26 Nov:NZD soars on Hawkish Cut/GBP rallies on budget

This article was written by Eamonn Sheridan at investinglive.com.

The post Eco Data 11/27/25 appeared first on Action Forex.

New Zealand ANZ Business Confidence rose from previous 58.1 to 67.1 in November

Overnight, shares of artificial intelligence player Oracle boosted major U.S. averages after Deutsche Bank reaffirmed its bullish stance on the name.

Japan is preparing to significantly expand short-tenor bond issuance to help fund its latest economic stimulus package, according to officials speaking to Reuters. The government plans to boost issuance of two- and five-year Japanese government bonds (JGBs), lifting total scheduled JGB sales for the fiscal year through March by roughly ¥7 trillion from the current ¥171.8 trillion target. Longer-dated supply, 10-, 20-, 30- and 40-year bonds, will remain unchanged.

The revised funding plan also includes an additional ¥6 trillion in treasury discount bills to strengthen near-term financing capacity. Monthly issuance of two- and five-year JGBs is expected to rise by ¥100 billion each from January. The proposal will be presented to primary dealers on Thursday before going to cabinet for approval on Friday, alongside the extra budget tied to the stimulus programme.

This article was written by Eamonn Sheridan at investinglive.com.

The Wall Street Journal reports that President Trump privately urged Japan’s Prime Minister Sanae Takaichi to soften her rhetoric toward China after she came out forcefully on Taiwan.

According to people familiar with the call, Trump encouraged Takaichi to “lower the tone” in order to avoid inflaming tensions with President Xi Jinping at a delicate moment in U.S.–China–Japan relations. The exchange underscores the geopolitical sensitivity surrounding Taiwan, where Japan’s vocal support has drawn Beijing’s ire, and highlights Washington’s ongoing efforts to manage allied messaging as it navigates its own strategic competition with China.

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Some background on this for weeks ago, this issue is not going away:

• China State Media: China Pres. Xi and US Pres. Trump held call

This article was written by Eamonn Sheridan at investinglive.com.