Tag Archives: USD/CNY
Weekly Economic & Financial Commentary
U.S. Review Is That Spring in the Air? · Retail sales rebounded after two straight months of declines,
The Global Macro Pulse
The yen has rallied almost 0.2% to 101.7. Most EM Asia currencies are weaker vs. the USD, led by a 0.5% fall in the INR to 61.475 and a 0.3% drop in the MYR to 3.282.
US Morning Update
* ECB’s Coeure: ECB is ‘ready to act’ if inflation scenario does not materialise, but deleveraging could unleash pent-up monetary policy easing. ECB’s Weidmann: ECB’s ‘expansionary policy is ‘appropriate’.
The Global Macro Pulse
The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.
The Global Macro Pulse
G10 exchange rates traded sideways in Asia after their moves in late New York trading. EURUSD is a touch softer at 1.3853, AUDUSD is down slightly to 0.8960, and USDJPY is flat at 103.
The Global Macro Pulse
G10 FX pairs are largely unchanged, but EM Asia currencies are stronger against the dollar despite USDCNY fixing 15pips higher to 6.1327. EURUSD has edged down to 1.3868, USDJPY is flat at 103.24,
Weekly Economic & Financial Commentary
U.S. Review Still on Track • Nonfarm payrolls rose by 175,000 in February as employers looked past the nasty weather of late.
Daily FX Update
The USD is weak entering the NA employment session as other asset classes are trading in relatively tight ranges. The focus today is nonfarm payrolls, how most are prepared to look through it on the back of weather.
The Global Macro Pulse
G10 FX rates are largely unchanged in Asian trading ahead of US payrolls with EURUSD at 1.3858, AUDUSD at 0.9084 and USDJPY at 102.93.
The Global Macro Pulse
EUR has declined slightly to 1.372 ahead of today’s ECB meeting while a strong retail sales report spurred the AUD to rally to 0.901. EM Asia FX continued to strengthen with the exception of the THB which fell 0.1%.
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
US Morning Update
We observed very tight ranges in most currency pairs during the London morning. There was not enough direction coming from Ukraine or Black Sea news,