Halister News

(Bloomberg) -- Chinese economy remains strong and its structure is improving, central bank governor Zhou says; adds currency basket is becoming more important; warns debt-to-GDP ratio is rising; G-20 meeting begins in Shanghai; yuan reference rate lowered for fourth day; no basis for continued yuan depreciation: PBOC; says policy is prudent with slight easing bias; Fed should consider broader implications of its monetary policy: Xinhua commentary.

• Yen snaps two-day decline against dollar; Japan CPI excluding fresh food was unchanged in January from year earlier, matching median estimate and after 0.1% increase in December; policy makers need to cooperate to avoid currency wars: Finance Minister Aso; chance of hard landing for China is low: BOJ’s Kuroda
• U.S. Treasuries little changed, with yield on 10-year bonds at 1.726% in Asian trading; data today should show U.S. fourth-quarter annualized GDP rose 0.4% from previous quarter, least since early 2014, according to median estimate in Bloomberg survey
• Singapore’s dollar rises; data today should show island’s industrial production fell 5.1% from year earlier in January, according to Bloomberg survey; see preview here
• Kiwi advances for third day against dollar; New Zealand’s trade balance swung to NZ$8m surplus in January from revised NZ$38m deficit in December, first surplus in eight months
• Taiwan’s dollar rises; data today expected to show island’s industrial production dropped 6.05% from year earlier in January after 6.17% decline in December: Bloomberg survey; see preview here