FX Daily

 

FX Daily; Asia
January 06, 2016 Posted by

RMB Overview

  • Chinese equity plunge on the pending end of share sales ban by major stakeholders. 
  • Fear of further capital outflow and continuous weakness seen in macro data has sent the Chinese currency into a nosedive
  • Further depreciation in CNY is a consensus view on the street.  In light of broad-based USD strength and greater willingness by the State to see a weaker currency, 5% -7% depreciation seems attainable.  
  • CNH ended 2015 at 6.5688; so far 2016 high at 6.7319
Read More
0 Comments | Join the Discussion

FX Daily
January 06, 2016 Posted by
Risk aversion mode continues and the USD is higher against most pairs, although currencies have taken a back seat compared to equities and commodities.
Read More
0 Comments | Join the Discussion

FX Daily
January 05, 2016 Posted by
Markets are a little calmer this morning, but investors remain cautious after yesterday’s sell off.  

 

Read More
0 Comments | Join the Discussion

FX Daily
January 04, 2016 Posted by
We start the year with a risk off tone as China stocks plunged 7% triggering market circuit breakers.
Read More
0 Comments | Join the Discussion

FX Daily
December 23, 2015 Posted by
Currency trends reversed course this morning, as the dollar rebounded from its weakness at the start of the week.
Read More
0 Comments | Join the Discussion

FX Daily
December 22, 2015 Posted by
The dollar is weaker across the board this morning after the GDP numbers came in very close to expectations.
Read More
0 Comments | Join the Discussion

FX Daily
December 21, 2015 Posted by
Currency trading is somewhat muted to start the week given the lack of economic data and a holiday week.
Read More
0 Comments | Join the Discussion

FX Daily
December 16, 2015 Posted by

The markets are all in countdown mode ahead of today’s Fed announcement (2:00pm Eastern) surrounding the anticipated 25bp hike in s/t interest rates.

Read More
0 Comments | Join the Discussion

FX Daily
December 15, 2015 Posted by

The FX markets are again focused on the volatile/slightly recovering crude oil market ahead of tomorrow’s Fed announcement surrounding U.S. interest rates. 

Read More
0 Comments | Join the Discussion

FX Daily
December 14, 2015 Posted by
The week opens with the focus on the continued slide in crude oil prices...
Read More
0 Comments | Join the Discussion