Tag Archives: USD/CNY
New CNY Weakness Likely in Q2 Or At Best, Stability
Earlier Tuesday, the People’s Bank of China set the yuan central parity rate versus the dollar at CNY6.1610, the lowest yuan level since Sept. 10, 2013.
Daily FX Update
The USD is generally weaker leading into the NA session; however news flow has been light and markets are generally trading with recent ranges.
The Global Macro Pulse
The dollar is broadly stronger today except against the AUD. AUDUSD has risen to 0.9352. However, EURUSD has dipped to 1.3796 and USDJPY is up at 102.64.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Economic Growth Return · Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year.
Daily FX Update
Soft releases from Google and IBM have weighed on markets into the NA long weekend. Accordingly equities are off to a softer start, the U.S. 10year has dropped to 2.63% and the USD is mixed.
The Global Macro Pulse
The dollar has drifted slightly weaker with AUDUSD rising to 0.9374, EURUSD recovering to 1.3839 after a brief dip and USDJPY falling to 101.98. USDKRW fell to a low of 1034.40 where we
Daily FX Update
A slew of news in the Asian session with better than expected Chinese GDP, strong UK employment, soft European CPI and rumours of a downgrade to Japan’s economic assessment have driven markets leading into
Daily FX Update
Markets are relatively quiet into the NA open; with the USD generally stronger, equities slightly higher and the US 10‐year at 2.65%. At 8:45am EST, Chair Yellen delivers opening
The Global Macro Pulse
The dollar is marginally stronger today. AUDUSD rallied ahead of the RBA minutes only to sell off to 0.9390 after the minutes despite little new information relative to the March policy statement.
The Global Macro Pulse
ECB President Draghi’s statement at the IMF meeting on Saturday that EUR strength may require monetary policy easing pushed EURUSD down to a low of 1.3833 before it settled at about 1.385.
Weekly Economic & Financial Commentary
U.S. Review Broad Gains, but Where Are the Skilled Workers? • There were broad improvements in the economic data this week,
The Global Macro Pulse
Although AUDUSD has dipped to 0.9382, EURUSD has risen to 1.3894 and USDJPY is roughly flat at 101.65. Most EM Asia currencies are weaker vs. the dollar, except the KRW.