Economic Outlook, FX Outlook, Global Edge

 

FX Daily; FX Outlook; 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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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
June 08, 2016 Posted by
The strong U.S. economic data, coupled with hawkish comments from Fed officials, led to increased odds of a rate hike, giving the dollar its best month of 2016 in May.
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FX Outlook; U.S.
May 17, 2016 Posted by
SVB has developed modular content geared toward educating you about how to negotiate the FX space as well as giving you strategies on how best to safeguard your company from an unfavorable move with a focus on Life Science.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
May 12, 2016 Posted by
Two opposing forces were at play in currency markets during April: a weaker U.S. dollar countered by a stronger Japanese yen. Interestingly, both currencies were highly influenced by the inaction of their central banks.
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FX Outlook
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 Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
April 28, 2016 Posted by
A UK departure from the world’s largest economic bloc has gone from a distant unlikelihood to a very possible reality—and markets are speculating on what that reality might mean for the UK economy.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
April 18, 2016 Posted by
The resulting choppy markets caused a flight to safety due to U.S. Federal Reserve Board Chair Janet Yellen’s comments this week. The Japanese yen and Euro strengthened along with currencies in emerging markets & commodity currencies as the threat of higher U.S. interest rates receded.
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Economic Outlook; Quarterly Economic Report; Asia; U.S.; Wealth Advisory Market Perspectives
April 07, 2016 Posted by
The first quarter of 2016 exposed a range of emotions from investors as global equity markets sharply declined in the first half only to recapture much of the losses.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
March 30, 2016 Posted by

Another factor that has added to the volatility in the FX market has been the fluctuations in energy prices. This particular influence has augmented the currency rate of countries that are large exporters of petroleum. 

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FX Outlook
March 21, 2016 Posted by

The holiday-shortened week is off to a fairly quiet start so far. In the FX space, the USD started out the Asian session with a decent bid tone, however, these gains were given back during London trading and

 
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