Tag Archives: China
Weekly Report
China recovery weak but strengthening China stocks in July-August have been resilient to geopolitical driven risk aversion sell-off.
The Global Macro Pulse
The USD is stronger across the board. AUDUSD fell to 0.9252, EURUSD is lower at 1.3245 having taken out barriers at
The Global Macro Pulse
G10 FX is essentially flat with EURUSD at 1.3397, USDJPY at 102.30, and AUDUSD at 0.9320.
The Global Macro Pulse
The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar.
The Global Macro Pulse
In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.
The Global Macro Pulse
The dollar has given up some of its initial gains against the AUD and EUR and recovered slightly against the JPY in the wake of the MH17 airline tragedy.
China: Growth momentum picks up
Chinese GDP numbers were slightly better than expected at 7.5% y/y in Q2 (Nordea: 7.4%; consensus: 7.4%; previous: 7.4%).
The Global Macro Pulse
The USD started the week on a stronger footing as the US 10y yield opened 1.6bps higher to 2.656%.
Chinese PMI Breaks 50
The Chinese HSBC flash PMI staged a stronger-than-expected pickup to 50.8, the highest in six months and exceeding 50 for the first time in 2014, notes BNP Paribas.
ECB has the potential to surprise
Market movers ahead • Lower inflation in the euro area has also strengthened our expectations that the ECB will deliver an aggressive easing move at Thursday’s meeting.
US Treasury’s FX Report Presses China to Resume RMB Appreciation
The Treasury Department late Tuesday used its latest semiannual report on currency regimes to press China to resume appreciation of the renminbi and to let the world know its intentions about currency management.
China Selling US Debt At Increased Pace
China, the largest foreign U.S. creditor, reduced holdings of U.S. Treasury debt in December by the most in two years as the Federal Reserve announced plans to slow asset purchases.