Tag Archives: USD/CNY

The Global Macro Pulse

AUDUSD has drifted off of its overnight high of 0.8942 to trade at 0.8882 at the time of writing. Both EURUSD and USDJPY are slighly lower from their New York levels, trading at 1.3513 and 101.43.

The Global Macro Pulse

FX price action has diverged from equities. AUDUSD has rallied 1.5% from its Asia open in response to the shift by the RBA to neutral from a bias to ease.

The Global Macro Pulse

The dollar has nudged stronger in Asia. USDJPY is up at 102.37 and AUDUSD is a bit lower at 0.8750. EURUSD has chopped around 1.3486 for most of the Asian morning.

Weekly Economic & Financial Commentary

U.S. Review Shall We Do the Real GDP Shuffle? · Real GDP posted its second consecutive quarterly above-trend gain in the fourth quarter, rising at a 3.2 annual percent pace.

Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.

The Global Macro Pulse

The fall in US equity markets overnight combined with the Fed’s additional $10bn taper to drive deeper risk aversion in Asia.

U.S. Dollar Remains Steady Against Most after Fed Taper

The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets.

The Global Macro Pulse

The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.

The Global Macro Pulse

Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.

The Global Macro Pulse

USDJPY found support from importers’ demand at the low of 101.77 and has rebounded to 102.44. EURUSD was steady at 1.368, while AUD squeezed marginally higher to 0.872.

Weekly Economic & Financial Commentary

The Recovery Remains in the New Year · An uptick in the Leading Economic Index points to slightly stronger future growth,

Daily FX Update

A volatile start to the day as investors digest whatthe potential risks of contagion of developments in Argentina and Turkeyare in the developed markets.