Economic calendar in Asia Tuesday, 25 July 2023 – data from South Korea

<p>The data calendar is almost bare today. From South Korea we'll be getting Q2 GDp, preliminary</p><ul><li>expected 0.5% q/q, prior 0.6%</li><li>expected 0.8%, prior 0.3%</li><li>due at 2300 GMT, 1900 US Eastern time</li></ul><p>I see China is promising more stimulus:</p><ul><li><a href="https://www.forexlive.com/news/china-pledge-to-step-up-policy-support-underpins-rally-in-oil-and-chinese-equities-20230724/" target="_blank" rel="follow" data-article-link="true">China pledge to step up policy support underpins rally in oil and Chinese equities</a></li></ul><p>Lets see if there is any 'flood-like' stimmy resulting. I doubt it but will have an eye on headlines anyway. And at 0115 GMT (2115 US Eastern time) is the regular PBOC CNY reference rate setting. The Bank has placed a lid on USD/CNY above 7.25. A part of more stimulus may be to let the yuan fall further though. </p>

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