Marketmind: Spiky quarter ends in uneasy market calm
A look at the day ahead in U.S. and global markets by Mike Dolan With one eye on a key U.S. inflation update for August later on Friday, world markets limped to the end of a poor third...
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Gold prices near 7-mth low before inflation data, copper up on China hopes
Investing.com-- Gold prices moved little in Asian trade on Friday, hovering near a seven-month low hit earlier this week as markets awaited key U.S. inflation data, while copper prices rose...
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Asia FX muted as dollar, yield rally cools before inflation data
Investing.com-- Most Asian currencies moved little on Friday, but stemmed some recent losses as the dollar came off 10-month highs and Treasury yields stalled before key U.S. inflation data...
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Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in...
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China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to...
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USD/CNH clings to the consolidative range so far – UOB
Further range bound trade remains likely in USD/CNH for the time being, comment Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia
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PBoC sets USD/CNY reference rate at 7.1798 vs. 7.1717 previous
On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1798, compared with the previous day's
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Mizuho highlights PBOC's measures to stabilize yuan and curb outflows
In a recent development on Wednesday, Mizuho's analyst Cheung highlighted the People's Bank of China's (PBOC) strong bias towards the Chinese Yuan (CNY). The analyst underscored this through...
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USD/CNH sticks to modest gain near 7.3100 amid the Fed’s hawkish stance
The USD/CNH pair posts modest gains around 7.3125 during the Asian session on Wednesday. The higher-for-longer rate narrative in the US may undermine
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Oil prices lower on strong dollar; Fed, China fears dent outlook
Investing.com -- Oil prices retreated Tuesday, falling further from recent highs as a higher U.S. dollar added to concerns of weakening economic activity as the Federal Reserve keeps...
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U.S. stock futures slide as Treasury yields hit new cycle peak
U.S. stock futures experienced a dip early Tuesday, following a slight rise in major indices on Monday. The downturn is attributed to rising Treasury yields and ongoing concerns over China's...
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Nomura, JP Morgan both tip a higher USD/yuan (USD/CNH)
Nomura are tipping a still higher US dollar, citing the September "Higher for longer" rates viewpointof the Federal Open Market Committee (FOMC)and continued equity and bond outflows from...
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Yuan is higher after some Chinese banks sold USD/CNY
USD/yuan has been given a gentle shove a bit lower by some dollar selling. the move is not large but has taken the edge off the falling RMB. This article was written by...
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USD/CNH: Can early signs of data improvement and PBoC warning translate into more meaningful pullback? – OCBC
Economists at OCBC Bank analyze USD/CNH outlook. Upside risks Higher for longer may undermine risk sentiments in the interim while USD could stay bid
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USD/CNH now faces further side-lined trading – UOB
USD/CNH is now predicted to navigate within the 7.2800-7.3400 range in the next few weeks, argue Economist Lee Sue Ann and Markets Strategist Quek Ser
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USD/CNH: Downside alleviated above 7.3150 – UOB
Further decline should lose traction once USD/CNH clears the 7.3150 level, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB
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The Yuan and Yen Need the Fed's Help. They Might Not Get It.
China and Japan are grappling with currencies that are hovering at their lowest levels against the dollar in more than a decade.
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USD/CNH risks extra weakness in the near term – UOB
Further selling pressure could see USD/CNH retreating to the strong support at 7.2390, comment UOB Group’s Economist Lee Sue Ann and Markets Strategis
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USD/CNH: Further downside in the pipeline – UOB
The continuation of the selling pressure appears on the cards for USD/CNH in the short-term horizon, argue Economist Lee Sue Ann and Markets Strategis
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PBOC: Yuan exchange rate vs. US Dollar to show 'positive changes' after 'bottoming out'
The People’s Bank of China (PBOC), in its publication - Financial News, said on Monday that the Yuan exchange rate versus the US Dollar will show 'pos
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Dollar down after data but set for ninth straight weekly climb
By Chuck Mikolajczak NEW YORK (Reuters) - The U.S. dollar was lower on Friday, after data showing a dip in consumer sentiment, but the greenback was still poised for a ninth straight week...
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Dollar strengthens following strong U.S. data and ECB rate hike
The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency's strengthening came in...
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USD/CNH sees its downside momentum increased – UOB
There seems to be increasing probability of a breakdown of 7.2600 in USD/CNH in the short-term horizon, comment Economist Lee Sue Ann and Markets Stra
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Family offices shift towards fixed income amid economic uncertainties
In a significant shift in investment strategy, family offices are moving towards a more conservative approach amid a challenging economic environment, according to a survey conducted by...
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USD/CNH will probably not sell off that much further – ING
The offshore Renminbi, the CNH, is starting to find some support, economists at ING report. Major Dollar trend turn may occur in the fourth quarter of
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USD/CNH: Pullback could see 7.2600 retested – UOB
The continuation of the downward bias could drag USD/CNH to revisit the 7.2600 region in the next few weeks, note UOB Group’s Economist Lee Sue Ann an
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U.S. stocks sag, crude surges with inflation data on deck
By Stephen Culp NEW YORK (Reuters) - Technology shares pulled Wall Street to a lower close and oil prices soared on Tuesday, as investors looked ahead to key inflation data, which could...
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USD/CNH could slip back to 7.2600 – UOB
USD/CNH could lose further momentum and revisit the 7.2600 region in the short-term horizon, suggest Economist Lee Sue Ann and Markets Strategist Quek
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Yuan exchange rate has solid basis to stay reasonably stable - PBOC
Yuan exchange rate has solid basis to stay reasonably stable at balanced levelsReaffirms pledge to take action to correct one-sided and pro-cyclical activitiesWill resolutely fend off...
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US dollar flat, but on track for eight straight weeks of gains; yuan sinks
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) - The dollar was little changed on Friday, consolidating gains amassed during the week on better-than-expected U.S....
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Asia FX muted, Chinese yuan hits 2008 low as U.S. tensions weigh
Investing.com-- Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, while the Chinese yuan slid to an over 15-year...
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USD/CNH could now revisit the 7.3500 region – UOB
Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser
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USD/CNH: Yuan stays depressed at 13-day low despite mixed China trade data, focus on Fed signals
USD/CNH rises to 7.3265 while picking up bids to revisit the fortnight high marked earlier in the day after China reported mixed foreign trade data fo
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Rising oil prices and bond yields impact global currencies and markets
Global currency markets and equity indices are reacting to the recent surge in oil prices and bond yields, with implications for inflation rates, according to reports from Wednesday. Crude...
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USD/CNH: Risks are now tilted to the upside – UOB
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group argue that USD/CNH could have embarked on a potential move to 7.3500. Key Quo
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China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment...
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Xi Jinping Might Have To Let Yuan Slide To Avoid Debt And Deflation Spiral, Says Economist: 'A Price Worth Paying'
China’s economy is at risk of being caught in a debt-deflation cycle. To avoid this, the yuan might need to devalue, according to economist Shang-Jin Wei, Business Insider reported. The...
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USD/CNH ignores China FX intervention to print three-day uptrend near 7.3200 on economic fears
USD/CNH prints mild gains during a three-day winning streak surrounding 7.3200 on early Wednesday as the pair buyers cheer pessimism surrounding China
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US Dollar jumps in catch up after lacklustre Monday
The US Dollar (USD) jumps higher against every G20 peer on Tuesday as US markets reopen after the Monday holiday. Many tailwinds are helping the Green
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USD/CNH: Increasing risks to extra losses – UOB
Further downside in USD/CNH should not be ruled out in the near term, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
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JPMorgan Analyzes De-Dollarization Risk, Potential for Chinese Yuan to Displace US Dollar as Reserve Currency
JPMorgan has provided an analysis of the risks of de-dollarization and the potential for the Chinese yuan to displace the U.S. dollar as the world’s reserve currency. The global investment...
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USD/CNH bulls approach 7.2900 on softer China PMI, easing stimulus-driven optimism
USD/CNH fails to justify upbeat China data while extending the week-start recovery towards 7.2900 during early Tuesday, up 0.18% intraday near 7.2880
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USD/CNH risks a deeper drop below 7.2390 – UOB
Further downside in USD/CNH appears likely on a breach of 7.2390, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key
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