Tag Archives: USD/CNY
Daily FX Update
Markets are mixed, as FX markets suggest a further moderation in risk aversion and an improving global growth outlook; other asset classes are failing to confirm this,
The Global Macro Pulse
USDJPY was supported at 102.2 as US 10y yields continued to trade close to 2.70%. AUD spiked on a better GDP print, but has eased back to 0.896 at the time of writing.
Recent Chinese Yuan Gains Allay Fears; Caution Urged
The Chinese yuan gains seen this week, coupled with the Russia/Ukraine turnabout, have gone a long way to allay market fears about pending doom and gloom, analysts said.
The Global Macro Pulse
The EUR was unchanged at 1.3735 but USDJPY has started to climb to 101.69 in Asia trading. AUD gapped lower to 0.8910 post RBA but has since retraced to 0.8933.
EUR/USD & EUR/JPY test supports and SEK & NOK seem weak.
EUR/USD: The “Inside day” candle printed yesterday points lower forthe day(s) ahead. If letting go of the 8day equilibriummeasure (which shouldn’t be so hard given the overall weaktrend)
China PBOC Expands Market Ops, Sees Recent Yuan Moves Normal
China PBOC Expands Market Ops To Counter Liquidity Inflows The People’s Bank of China expanded the scope of its efforts to remove liquidity from
Daily FX Update
Markets are shedding risks as geopolitical tensions rise. Gold, JPY and CHF are all higher, the 10‐year US yield has dropped back to 2.6% and equities are notably weak, particularly across Europe.
The Global Macro Pulse
USDRUB opened 2% higher to 36.57. FX price actions elsewhere have been relatively contained. EUR was broadly stable at 1.378 and the yen has found some support around 101.4,
Weekly Economic & Financial Commentary
U.S. Review Yellen at the Senate, While Weather Still Skews Data • As expected, GDP growth was revised lower, reflecting a slower build in inventories, a weaker trade position and a more cautious consumer.
Forex Weekly Report
Low inflation is likely to persist longer Recently, the renewed optimism stemming from the burgeoning recovery in the Eurozone and
Daily FX Update
An easing in disinflationary pressures in Europe and Japan removes some of the expected burden on the ECB and BoJ for policy action.
The Global Macro Pulse
CNY staged the biggest intra-day drop since 2007 to 6.1760, a move which seems to have been driven by the PBoC. It has since retraced to 6.1640, about 0.7% above the fix from a high of 0.9% earlier.