FX Daily

 

FX Daily
January 08, 2016 Posted by
China injected more medicine overnight and together with a stronger US employment report, markets have stabilized with a rebound in stocks, oil and USD.
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FX Daily
January 07, 2016 Posted by

Risk mitigation remains the name of the game and safe haven currencies such as the JPY and now CHF and EUR have been the benefactors. 

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

 

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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.
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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.
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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.
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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.
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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.

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