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The yuan hits a 14-year low and sends USD/CNH above 7.2000
Another day, another big level gives way for global markets. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.
USD/CNH closed above 7.000 for first time in 26-months
Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.
Is USD/CNH set for a multi-month rally?
If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.
China: Have we seen the high in USDRMB?
The People’s Bank of China (PBOC) allowed the Chinese currency to increase in value on Monday. This is worth noting, since the CNY had fallen […]
Gold erases overnight gains as stocks stabilise, NFP eyed
Gold rallied to a fresh nine-week high of $1112 in overnight trading before dropping by a good $15 to trade back below $1100 at the […]
AUD/USD bulls fall casualty to Chinese slowdown fears, .7000 in sight
It’s been a rough start to 2016 for China bulls and anyone else dependent upon solid growth in the world’s second-largest economy. After Monday’s Chinese […]
EM Rundown: China bears spooked, but broader EM data not terrible
For over a decade now, China has been the center of the emerging market world from an economic perspective, and 2016 looks to be no […]
EM Rundown: China China China China…China!
After last week’s major economic data in the developed world, including the highly-anticipated ECB meeting and US Non-Farm Payroll report, some traders may shift their […]
EM Rundown: CNY in IMF SDR? YES.
In a week full of market-moving three-letter acronyms (ECB, NFP RBA, PMI, and GDP from Australia and Canada), many traders may not be intimately familiar […]
USD/CNH: Chinese economic data is about to get even less transparent…
To put it politically, many analysts and traders take official Chinese economic data with a big grain of salt. The central government has long been […]
DAX: Stock markets overreacting to Chinese moves?
The European stock markets have bounced modestly off their lows but remain significantly in the red at the time of this writing. Once again, the […]
China’s currency devaluation raises question marks over crude demand
The biggest market-moving events so far this week have come from China. First, it was the disappointing trade figures that were released over the weekend […]