Tag Archives: USD/CNY

The Global Macro Pulse

After opening up, most USD-Asia pairs are close to flat today with the exception of the THB which rallied down to 32.72.

The Global Macro Pulse

Although EURUSD is flat at 1.3627, weak building approvals data helped push AUDUSD down to 0.9265 and USDJPY pushed up to 102.03.

Weekly Economic & Financial Commentary

U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,

The Global Macro Pulse

NZD led rallies in G10 FX, supported by strong building permits. NZDUSD rebounded to 0.850 from a two-month low of 0.845. AUD rose to 0.932 but AUDNZD is still marginally lower at 1.096.

The Global Macro Pulse

AUDUSD rallied to 0.9276 in response to a better-than-expected capex survey. EURUSD traded to a low of 1.3589 before recovering to 1.3607 while USDJPY dipped to 101.69.

Daily FX Update

Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.

The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.

The Global Macro Pulse

In FX, the dollar has weakened against the EUR and AUD, but is flat against the yen. AUDUSD corrected up to 0.9259 and EURUSD rose to 1.3657 despite dovish sounding comments from ECB President Draghi overnight.

FX: final call, EURUSD

The EURUSD tapped the 200D MA, but still needs to confirm on higher volume. The USD uptrend has begun? Not if USDCHF stalls here.

Weekly Economic & Financial Commentary

U.S. Review As Good as It Gets. As Good as Can Be Expected. • April’s housing data showed some modest improvement but

The Global Macro Pulse

The dollar is similarly mixed. EURUSD has drifted down to 1.3646 and USDJPY is up to 101.77, but AUDUSD has recovered early losses to trade at 0.9243.

The Global Macro Pulse

Within the G10, AUDUSD has outperformed, opening weak, but rallying after the China PMI to 0.9266. USDJPY has pushed up to 101.65 and EURUSD is marginally lower at 1.3674.