FX Daily

 

FX Daily
July 22, 2016 Posted by
USD strength resumes (DXY +0.5%) although equities and bonds are trading relatively flat.
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FX Daily
July 21, 2016 Posted by

Currencies remain choppy within broader ranges, while global equities and bond yields are off the highs. 

 
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FX Daily
July 20, 2016 Posted by
USD continues to strengthen on speculation that the Fed could hike rates sometime this year.
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FX Daily
July 20, 2016 Posted by
USD continues to strengthen on speculation that the Fed could hike rates sometime this year.
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FX Daily
July 19, 2016 Posted by
The USD performed better (DXY +0.5%) against most pairs while global equities and bonds are relatively flat.
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FX Daily
July 18, 2016 Posted by

Turkey was front and center following the coup attempt on Friday evening that foiled within 24 hours.  

 

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FX Daily
July 15, 2016 Posted by
The greenback is on the upswing following a much stronger US retail sales and CPI (+2.3% ex food & energy) report that saw inflation sneaked higher.
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FX Daily
July 14, 2016 Posted by
The “Risk On” rollercoaster ride continues with the surge in global equities (US at record levels), firmer bond yields and the strengthening of higher beta/yielding currencies.
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FX Daily
July 13, 2016 Posted by

  RMB hit a 5-year low after U.S. job data   Posted by Paul Kao   Overview    The RMB hit a 5-year low of 6.7050 against the USD after unexpectedly stellar U.S. Non-Farm Payroll (NFP) jobs data was released last Friday

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FX Daily; Asia
July 13, 2016 Posted by

The RMB hit a 5-year low of 6.7050 against the USD after unexpectedly stellar U.S. Non-Farm Payroll (NFP) jobs data was released last Friday.1 It was a continuation of the RMB’s downtrend after the recent Brexit vote — in spite of the recovery we saw in global FX and equities markets.2

 

 

Near-term, we might see the USD/CNH move higher to the low 6.70s. So, companies that need to convert RMB to USD may want to consider taking advantage of any USD retracement.  And companies looking to lock in FX rates for RMB purchase could execute their buys in increments to take advantage of a possibly higher rate.

 

The medium- to long-term outlook for USD/CNH is still moving higher in an orderly fashion with a possible target of 6.75 by year-end. The People’s Bank of China (PBOC) allowed the RMB to depreciate after the Brexit vote, but they seek stability and will prevent the RMB from depreciating too fast during the rest of this year.

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