Tag Archives: USD/CNY

The Global Macro Pulse

G10 FX rates are essentially unchanged. EURUSD is at 1.2474, USDJPY is at 117.82, and

NZD led declines in G10 FX, down 0.5% to 0.781. AUDUSD resumed its downtrend to 0.858.

Late on Friday evening, the PBoC announced an earlier-than-expected cut in the one-year benchmark lending rate by 40bp to 5.6% and

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.

The combination of China’s interest rate cut and President Draghi strong words suggest a heightened level of

USDJPY extended its move lower to 117.50 on the back of Aso’s comments.

USDJPY continued to march higher to 118.45 in Asia trading.

The USD strengthened ahead of the release of the Fed minutes with USDJPY breaking to

USDJPY was largely steady around 116.6 ahead of the Abe’s press conference.

USDJPY was the big mover in Asia trading, falling to 115.78 post the GDP report from a day high above 117.

Twelve months ago, China’s Government announced its reform agenda, following on from the Third Plenum.

The USD is slightly stronger against the major currencies.