News

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0753 compared to the previous day’s fix of 7.0773.

Trump may be looking to stack the Fed.

If Trump goes down this path it would be bearish for the US dollar and wildly bullish for precious metals and hard assets. The long end would hate it and there would be a big steepener.

Biden appointed:

• Jefferson
• Barr
• Cook
• Kugler

Kugler has already resigned and been replaced by Miran.

If Trump were to replace the other three and the chair, he would have enough votes to do whatever he wanted, presuming that Waller, Bowman and Miran continued to back his agenda. It would be the end of Fed independence.

I don’t think the market will take this too seriously but this is floating a major shakeup to monetary policy and it would be an atomic bomb.

Talk like this might lead Powell to stay on as a Governor when his term expires.

This article was written by Adam Button at investinglive.com.

The NZD/USD pair holds steady during the Asian session on Wednesday and for now, seems to have stalled the previous day’s modest pullback from the 0.5800 neighborhood, or its highest level since late October.

Gold price (XAU/USD) trades in negative territory near $4,210 during the early Asian session on Wednesday.

We get Chinese CPI data later but the high estimate is +1.1% and the consensus is +0.7% so rate cuts shouldn’t be a surprise.

The December Politburo meeting continued with the text on a “more proactive” fiscal policy and a “moderately loose” monetary policy.

The newswire report says the report is from the local press. I’ll work to find the source.

This article was written by Adam Button at investinglive.com.

The post Eco Data 12/10/25 appeared first on ActionForex.

Japan Producer Price Index (MoM) in line with expectations (0.3%) in November

Japan Producer Price Index (YoY) in line with expectations (2.7%) in November

• Prior was +2.7%
• m/m reading +0.3% vs +0.3% exp
• Prior m/m reading was +0.4%

The pricing on next week’s BOJ decision is 77% for a cut, that’s risen since last week when it was 66%. This number won’t sway any opinions but it highlights inflation pressures well above the historic low prices in Japan.

This article was written by Adam Button at investinglive.com.

Asia-Pacific markets were set to trade mixed on Wednesday as investors await inflation data coming out of China later in the day, as well as the Fed decision.