Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we are aware of views we had not been clear enough in our policy guidance.” “Last summer's volatility was mainly caused by market concern over weak US jobs data, US economic slowdown,” he added.
The United Kingdom’s (UK) ILO Unemployment Rate remained at 4.4% in the three months to December, the data published by the Office for National Statistics (ONS) showed on Tuesday.
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, following the announcement of the February monetary policy decision on Tuesday.
The AUD/NZD cross stages a goodish rebound from over a one-week low, around the 1.1075 region touched during the Asian session on Tuesday, and gains follow-through traction after the Reserve Bank of Australia (RBA) announced its policy decision.
The National Development and Reform Commission (NDRC), China’s state planner, said in a statement on Tuesday that “precise' policies to be implemented to help ease difficulties faced by private companies.” Additional takeaways 'Current' political, economic and social environment very conducive to development of private economy.
The Japanese Yen (JPY) attracts some sellers during the Asian session on Tuesday, which, along with a modest US Dollar (USD) uptick, assists the USD/JPY pair in staging a modest recovery from the 151.25 area or over a one-week low.
The Indian Rupee (INR) depreciates on Tuesday. Analysts expect the local currency to trade with negative bias amid weakness in the domestic equities and Foreign Institutional Investors (FII) outflows.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1697 as compared to the previous day's fix of 7.1702 and 7.2538 Reuters estimates.
Federal Reserve (Fed) Board of Governors member Christopher Waller noted late Monday that while inflation progress has been made, it has been "excruciatingly" slow.
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