Tag Archives: USD/CNY
The Global Macro Pulse
AUD fell below 0.87 for the first time in three and a half years, pushing AUDNZD towards 1.054. The WSJ reported comments from RBA Ridout that the AUD needs to drop further and AUD near 80c would be a “fair deal for everybody”.
The Global Macro Pulse
AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.
The Global Macro Pulse
The USD strengthened in Asian open against JPY and EUR. USDJPY has climbed to 104.64 while EURUSD fell slightly to 1.354. AUD and NZD were both more resilient on the day,
The Global Macro Pulse
In FX, AUDUSD rose to 0.880 following the release of China’s GDP but has since given up its gains to trade back to Friday’s close around 0.878. Reports of a 6.3 magnitude earthquake near Wellington drove NZD lower initially,
The Global Macro Pulse
FX has been largely rangebound in Asia. EURUSD, USDJPY, and AUDUSDare at 1.3614, 104.32, and 0.8814, all barely changed from their end-US tradinglevels.
The Global Macro Pulse
AUDUSD has stolen the FX show, dropping 1.2% to 0.8813 following the employment report. EURUSD has bounced off of its lows to 1.3618 while USDJPY rose to a high of 104.92 before edging down to 104.71.
China – December credit growth slows while FX reserves jump
China – December credit growth slows while FX reserves jump
CNY: Modest forecast changes
Due to the time factor (time flies!) we make a modest change to our CNY forecast, where we expect slightly stronger CNY vs. the USD than our September forecast.
The Global Macro Pulse
A bout of USD strength hit Asian trading. EURUSD dipped below 1.3630, and USDJPY rallied towards 104.4. USDCAD also broke to post 2008-2009 high of 1.0972, while AUD fell to 0.892.
The Global Macro Pulse
The USD has regained a bit of its overnight losses. USDJPY has risen to 103.31, having traded as high as 103.50 and AUDUSD has dipped to 0.9036.