Tag Archives: USD/CNY
Asian FX Update
THAILAND BEGINS TO MOVE ON THE BAHT – Bank of Thailand signals measures to counter baht strength.
Technical Alert
Yen stronger post BOJ and possible a long needed reaction underway, caution esp with AUDJPY. The £ sterling stronger after GDP, with both cable breaking higher and
A blip in growth or more slowdown to come?
The two most frequently asked question over the last month are a) will the economy continue to slow after the weak Q1 GDP and b) why is the currency strengthening and
Asian FX Update
EUR WEAKNESS HAMPERS ASIA – Eurozone PMI sluggishness starting to show an impact Asian exports to the region. – THB in the midst of its 3rd consecutive losing session as valuation concerns fester.
CNY – New High
The CNY rose against the USD Friday morning to a fresh high under the current system, after the People’s Bank of China ended the year with a bullish reference exchange rate for its currency. In the onshore over-the-counter market, the USD fell to as low as CNY6.3070, its weakest intraday level against the yuan since […]
CNY Much lower USDCNY fix today fix…6.4592 (92 pips lower)
CNY NDF USD/CNY fixing came out much lower than expected today to a new record low. Since overall positions are rather light, we saw leverage guys came back selling across the curve. Real money accounts were still rolling their short positions in the 3mth tenor.
Westpac AustralAsian Daily
Market themes & issues China data cheer up the region, AUD. A strong performance by regional equities, supported at least in part by the slew of Chinese data, sparked a recovery in risk-sensitive AUD and NZD and hurt safe haven USD.