FX Daily

 

FX Daily
May 03, 2016 Posted by
Major markets return in risk off mode as global equities are down 1-2% and bond yields (i.e. 10yrs US treasuries) shed 7bps to 1.79%.
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FX Daily; Asia
May 02, 2016 Posted by

Overview

  • Given the overall weakness in USD, PBOC set the onshore CNY fixing rate at 6.4589 against the USD last Friday, up 365 basis points from Thursday.1 It was the biggest upward move since 2005. 
  • USD dropped to its lowest level in 18 months against the JPY after the Bank of Japan’s decision to refrain from further easing disappointed markets.2
  • China’s Manufacturing Purchasing Manager index (PMI) at 50.1 in April, Vs estimate of 50.3 and 50.2 in March.3
  • The State Administration of Foreign Exchange (SAFE) said on Friday that it will allow banks to issue more FX-related FX products for hedging purpose, and hold bigger short-USD positions at the end of day. 
  • USD/CNH exchange rate has been range-bound.
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FX Daily
May 02, 2016 Posted by
It has been a quiet start to the week given holidays in major centers (UK, China, HK, Singapore) and Japan starts a three day break starting tomorrow.
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FX Daily
April 29, 2016 Posted by
USD weakness persisted as the dollar index drifted to a 6 month low (DXY -0.6% intraday).
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FX Daily
April 28, 2016 Posted by

BOJ surprised the market with no changes to ETF purchases or a rate cut in the loans support program. 

 
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FX Daily
April 27, 2016 Posted by
FOMC takes center stage at 2pm (EST).
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FX Daily
April 26, 2016 Posted by
Most currencies stayed range bound before the Fed tomorrow and the BOJ on Thursday.
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FX Daily
April 25, 2016 Posted by
USD is trading softer ahead key central banks decisions this week.
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FX Daily
April 21, 2016 Posted by
ECB Kept rates and QE unchanged as expected, but Draghi’s comment that “interest rates will remain at present or lower levels for an extended period of time”, sent EURUSD reeling.
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FX Daily
April 18, 2016 Posted by
The build up to the weekend ended with little surprises.
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