Asia, Europe, FX Outlook, Global Edge, Treasury Management

 

FX Daily; Asia
August 15, 2016 Posted by

 o        One year after RMB’s sudden devaluation on Aug 11, 2015, China largely succeeds in its objective of revamping the FX mechanism to make RMB more market oriented and relative stable to a basket of currencies.

Offshore USD/CNH range bound between 6.6250 and 6.6740 since the beginning of August. 1

China’s FX reserve dropped slightly in July, as a stable RMB has eased downward pressure on China’s reserve.2

USD/CNH will be trading in a slightly upward bias as recent weaker-than-expected economic data suggest China might be running out of policy options to stimulate its economy.

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.

PBOC sought stability and will prevent the RMB depreciating too fast.

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Treasury Management; U.S.
August 12, 2016 Posted by

When it comes to payables solutions, one size does not fit all. Learn how each type of e-payment (ACH, wire transfers, and commercial cards) plays a specific role in reducing expenses and directing capital. It’s important to understand what the differences are and when to use them.  

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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
August 05, 2016 Posted by
Brexit continues to dominate the world’s business headlines. But, stress levels in the financial markets have dropped.  The EU’s post-Brexit show of unity calmed fears that the EU or Eurozone will fall apart any time soon.  The Fed will see two more jobs reports before September’s key meeting, and we will have a clearer view of the Presidential and Congressional elections. We expect lighter, quieter trading in August.
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Observation Deck; Treasury Management; U.S.
August 03, 2016 Posted by
SVB Asset Management's monthly Observation Deck newsletter covers current topics on portfolio management, credit considerations and market events that influence investment strategy. In the main article for the August edition, "Ultra-Liquidity Strategies: New Tools in the Shed”, Eric Souza discusses changing market dynamics and how Ultra-Liquidity Portfolios may be a creative approach to consider.
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FX Outlook; Asia
August 01, 2016 Posted by

Overview o Some impressive two-way moves in CNH in July.  At one point offshore CNH was trading above 6.71.1    o The tide turned when the onshore midpoint failed to break through the psychologically important level at 6.70.  Coupled with persistent CNH buying flows from Chinese banks, the market took it as a sign that

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FX Outlook
July 29, 2016 Posted by
US rates and the dollar got crushed due to the lack of action by the Bank of Japan overnight and the big miss in US Q2 GDP that scaled down expectations for tightening.  
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Treasury Management; U.S.
July 18, 2016 Posted by

On September 23, NACHA’s new Same Day ACH rule will go into effect. This new rule will enable the same-day processing of ACH payments through two new clearing windows: a new morning submission deadline and a new afternoon deadline.

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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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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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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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