Tag Archives: USD/CNY
The Global Macro Pulse
The USD extends its rally as 10y yield rises to a new intraday high of 2.92% during Asian trading.
One of these charts is not like the others
Today’s flash PMI in China for August was much better than expected. The slow recovery in the China economy it points to is corroborated by the lift in associated commodity prices,
China: HSBC PMI improved markedly in August
The flash estimate for HSBC Manufacturing PMI in August improved markedly to 50.1 (consensus 48.2, Danske Bank 48.2) from a final reading of 47.7 in July.
The Global Macro Pulse
The G10 commodity bloc remained under pressure in Asian trading ahead of the FOMC minutes. AUD and NZD fell 0.6% to 0.903,
Asian FX Update
WOE FOR ASIA TODAY AS INR, IDR UNDER SEVERE PRESSURE • India needs big bang set of INR measures as incremental steps prove useless; further monetary tightening is possible.
The Global Macro Pulse
NZD dropped from a high above 0.810 before stabilizing at 0.807 on news of Wellington quakes. AUD continued to strengthen to 0.917, pulling AUDNZD higher to 1.135.
Asian FX Update
The USD is taking a bit of a breather as, on a trade‐weighted basis, the greenback is away from yesterday’s highs,
The Global Macro Pulse
The Nikkei is flat despite the overnight rise in USDJPY in response to higher Treasury yields, and S&P futures are down 0.1%. Most other Asian equity markets are up marginally.
The Global Macro Pulse
JPY weakness has raised the Nikkei 1.7%, S&P futures are up 0.1%, the HSI has risen 0.6%, and the Kospi has rallied 1.0%. Shanghai is essentially flat.
Daily FX Update
USD INDEX FALLS TO 2‐MONTH LOW • USD is weak as risk appetite improves after betrer Chinese trade data.
The Global Macro Pulse
Trading in Asian equities was thin and largely directionless outside Japan. The Nikkei is down 1.0%, reacting to USDJPY edging lower to 98.80 after Friday’s post-payrolls drop.
The Global Macro Pulse
AUDUSD weakened slightly further to 0.8912 in Asian trading, but EURUSD and USDJPY were essentially flat to their New York closes at 1.3215 and 99.34 respectively.