Tag Archives: USD/CNY

The Global Macro Pulse

AUDUSD rallied but rejected its overnight high of 0.9340 and is at 0.9320. EURUSD has crept up to 1.3030 while USDJPY traded sideways at 97.7795.

International Economics Monthly

• We have left our global GDP forecasts unchanged for the fifth consecutive month at 3.1% in 2013 and 3.8% in 2014.

Fitting together nicely

Big Picture: Data released last week is consistent with our view that the largest economies are in the early stages of acceleration.

Overnight Price Action Overnight Wall Street rallies helped lift Asian markets. Asian equities opened higher and the USD weakened as the market adjusted positions ahead of Fed Chairman Bernanke’s testimony and

Asian FX Update

A VOLATILE WEEK STILL NOT OVER AS NFP LOOMS • Disappointment on NFP risks driving additional USD selling.

Riksbank has to consider a 50bp cut

• Negative on risk sentiment • Still bullish on EUR/SEK • We remain bearish on EUR/USD, but note rising risks

Daily FX Update

JPY WEAKENS ‐ REMINDER SENT THAT BOJ CAN DO MORE • USD is mixed as news flow is limited; AUD rallies & JPY is weak.

Monthly FX Outlook

CURRENCY STRATEGY HIGHLIGHTS • After a shaky couple of weeks our bias for being long the US$ is bearing fruit again.

Asian FX Update

QUIET DATA DAY, USD RECOVERS GROUND • USDCNY fixed to a new post‐2005 revaluation low, leading to renminbi outperformance.

Asian FX Update

USD RALLY AGAINST ASIA STILL IN PLAY • The May rally in the USD has hampered most of Asia, save for CNY and MYR.

USD/JPY breaks over 100…

USD/JPY lifted above the psychological 100.00 barrier in New York trade yesterday (around 6.50pm BST), and subsequently pushed up to 101.00.

Asian FX Update

Last Friday’s nonfarm payroll number has brought a USD rally, with shorter term US yields surging off of lows around 0.195% on the 2yr Treasury, to around 0.216%.