China is reportedly set to offer CNY-denominated liquefied natural gas futures contracts as early as February, according to sources
China's move to introduce CNY-denominated LNG futures contracts could significantly impact the global LNG market by increasing trading activity and volume in the yuan, a potential shift away from traditional dollar dominance.
[MARKET ANALYSIS] JPY ultimately weaker after BoJ Governor Ueda's press conference, as his commentary points us to April's price behaviour as the "factor to mull a rate hike"; which could be interpreted as implying a hike is at least three months away
Hungarian Unemployment Rate (Dec) 4.4% (Prev. 4.4%)
China is reportedly set to offer CNY-denominated liquefied natural gas futures contracts as early as February, according to sources
BoJ Governor Ueda (post-policy presser) says headline inflation soon to undershoot 2%; not yet at the stage to mull if goal achievement is coming earlier
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This development reflects China's ongoing effort to internationalize its currency and may influence pricing dynamics and liquidity in the energy sector, particularly for importers and exporters involved in cross-border transactions.
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