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I LOVE ZERO! And I made a meme :D Is starting a bookkeeping business worth it? What is the most efficient way to comb through bank statements for expenses? How much to charge Am I required to pay income tax on client reimbursements? Will I (UK soon to be second year economics student) be considered overqualified if I finished my economics university degree and decided to try to get a bookkeeping apprenticeship? Purchase of car on finance, how do I claim the tax portion as credit when paying monthly loan Texas Ethics Exam In “hammer MCQ” Mode – open book or closed book? Can someone help explain this answer to me?

ForexLive Asia-Pacific FX news wrap: USD/JPY down a little more

  • Shanghai COVID restrictions creeping back in
  • ICYMI – China’s Xi’an city has entered a 7 day period of ‘temporary control measures’
  • Federal Reserve NY head Williams speaks Wednesday. FOMC minutes (June meeting) also due.
  • PBOC sets USD/ CNY mid-point today at 6.7246 (vs. estimate at 6.7096)
  • Oil price plunge – 2 reasons why “any further downside in the market to be fairly limited”
  • Goldman Sachs says oil has overshot, global deficit remains unresolved
  • Brent to fall to $65 on recession
  • Russian court orders halt on CPC’s Black Sea oil loadings for a month
  • Asia is waking up to a sharply higher USD
  • Russell Futures Anlaysis, 05 July
  • UK Politics update – another government minister has just resigned. Solicitor General
  • US official reiterates support for UN efforts to open sea lanes closed by Russia’s war
  • US to meet with China – bring up human rights issues
  • New ministers appointed to the UK Cabinet. New Chanceller, new Education Minister.
  • Forexlive Americas FX news wrap: Euro plunges to the lowest since 2002
  • Trade ideas thread – Wednesday, 6 July 2022

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USD/JPY
dropped a little lower during the session with Asia morning lows just
under 135.20. Its not much above there as I update.

Across
major FX movement was subdued, especially following the huge shunt
higher for the US dollar in Tuesday trade. AUD/USD popped above
0.6800 in a small range. NZD, GBP are also up a few ticks against the
dollar. EUR/USD is barely changed on the day.

The
People’s Bank of China weakened the onshore yuan at the reference
rate setting today, much weaker (i.e. higher USD/CNY) than was
expected.

Oil
recovered a few dollars but has since dropped back to circa $100
again.

Data
flow was non-existent. News flow was light also.

The
Shanghai Composite slipped. COVID cases in China are rising a little,
triggering some (light at this stage) restrictions.

Oil update:

This article was written by Eamonn Sheridan at www.forexlive.com.


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