Tag Archives: USD/CNY

The Global Macro Pulse

The USD and JPY strengthened initially but have since lost ground.

Market sentiment is encouraging into the open. Earnings, China’s PMI and Europe’s PMI have all helped to

The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876.

Markets are nervous but on stronger footings. Leading into the NA session equities are firmer, the U.S. 10‐year is at 2.2%,

In FX, AUD leaped above 0.88 and EUR rebounded to 1.280 post the China data.

Over-invoicing has been a recurring problem in Chinese export data,

The USD weakened slightly against majors, with the exception of USDJPY, which rallied to 107.4.

G10 FX is little changed. EURUSD is sideways at 1.280 and USDJPY is essentially flat at 106.38.

EURUSD rose slightly to 1.2825, and USDJPY and AUDUSD are steady at 106.09 and

The USD has strengthened against the G10 commodity bloc.

Markets have dramatically shifted course over the last week, driving volatility substantially higher,

Lower US yields led the USD to weaken even as equity markets continued to fall.