Tag Archives: USD/CNY
Brief China Economic Update
According to National Accounts data released today, the Chinese economy grew 1.7% in the June quarter to be 7.5% larger than the same period last year.
Daily FX Update
USD FIRMS—CHINA’S GPD AS EXPECTED AT 7.5% Y/Y • USD is retracing some lost ground in a quiet start to the week.
China: Q2 GDP slowdown to prompt modest policy easing
GDP growth slows to 7.5% yoy, down from 7.7% in Q1, but broadly in line with (a few) consensus estimates of 7.5-7.6%.
China Q2 GDP – short-term pain for long-term gain
The Chinese economy lost speed further in Q2 and grew by a mere 7.5% y/y, in line with market consensus and slightly above our forecast of 7.4%.
All those in favour, say “Aye”
The economy has passed its vote of economic confidence. The Canterbury-construction sector ticket rallied enough votes,
Daily FX Update
USD WEAKENS INTO FOMC MINUTES & BERNANKE • USD is weak leading into the FOMC minutes (2pm EST) & Bernanke at 4:10pm EST)
Daily FX Update
QUIET MARKETS; USDJPY LOOKS POISED FOR UPSIDE • USD is quiet and mixed, with limited data today, expect quiet session.
Conditional pre-commitment
Last week saw an unprecedented move by central banks in Europe towards stronger guidance about the outlook for monetary policy.
Asian FX Update
The US nonfarm payrolls print was a another shot fired in the direction of EM, and EM Asia, as the jobs data came in better than expected with the +195k result.
Asian FX Update
The week will be a busy one from the point of view of US monetary policy indications (yet again), as we receive data on the state of the US economy via manufacturing and
The Global Macro Pulse
The dollar is mixed. EURUSD has rallied to 1.3068, but the JPY and AUD have weakened against the dollar to 98.85 and 0.9251, respectively.
The music has stopped, CNY may not find a chair
The money market squeeze in China this month should be seen as a symptom of a shift in capital flows,