Tag Archives: USD/CNY
Forex Weekly Report
The market’s favourite trade may be vulnerable Over the last 4-5 months US Dollar bulls have been biased towards long USD/CAD positions as
US Morning Update
It appeared as if a combination of short-term profit taking and ‘risk on’ weighed on USD demand this morning, as key sovereign rate differentials have not materially backed off against the USD yet.
Daily FX Update
The market catches its breath as it digest further sanctions on Russia, re‐evaluates Chair Yellen’s comments, struggles to understand weaker CNY PBoC fixings and the ending of an important week.
The Global Macro Pulse
The dollar is mixed against the G10, but stronger against most EM Asia currencies other than the INR. AUDUSD outperformed, rallying to 0.9062 while EURUSD is up marginally at
Daily FX Update
Markets continue to react to yesterday’s FOMC meeting with a strong USD, soft equities and the US 10‐year yield up to2.78%. The pulling forward of interest rate hike expectations to
The Global Macro Pulse
The more hawkish than expected FOMC has led equities to sell off across the board in Asia. Although the Nikkei opened up, it is down about 1.5% at the time of writing.
Daily FX Update
Markets are relatively stable leading into today’s FOMC decision. The USD is broadly but immaterially stronger; equities are flat, the US 10‐year is stable at 2.67% and oil prices continue to hoverjust below $100.
The Global Macro Pulse
The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.
UBS Morning Adviser
USDCNY trades 1% above official fixing for first time CNH and onshore CNY continued to weaken against USD as investors remained cautious about stops and potential unwinds of structured USDCNY shorts.
Daily FX Update
The market continues to digest developments in Ukraine and the international reaction, including US and European sanctions. Entering tomorrows FOMC meeting,
US Morning Update
‘Risk appetite’ was very tepid during most of the London morning, with more ‘bad news’ out of China colliding with the still uncertain situation regarding Russia.
Daily FX Update
Risk appetite has improved supporting stronger equities, higher bond yields and a mixed USD. The international response to Crimea’s referendum is a focus as is softer than expected Eurozone inflation and