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USDCNH

Analysis

Analysis - 8 months ago

Market Comment – Dollar eases from highs as intervention warning props up yen

Intervention threat spurs mild rebound in yen after top currency official’s warning Yuan also rebounds, triggering broader retreat in US dollar Stock market rally cools amid quieter week before Easter break, core PCE eyed Yen firmer after fresh verbal intervention The Japanese yen edged higher on Monday, starting the holiday-shortened week on a steadier note, following a 3.5% slide on the back of the Bank of Japan’s dovish rate hike last week.
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Analysis - 8 months ago

Market Comment – Stocks at fresh records even as dollar bounces back

Wall Street leads rally in equity markets, fuelled by rate cut optimism But US dollar stages surprise rebound amid US exceptionalism Pound slides on BoE’s dovish tilt, yen steadies, PBOC loosens grip on yuan Equities buoyed as easing expectations gather pace Shares on Wall Street are headed for strong weekly gains following the conclusion of the March central bank meetings that cemented rate cut expectations for 2024. After the European Central Bank paved the way for lower ra
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Analysis - 10 months ago

Market Comment – Dollar's retreat propels S&P 500 to new record

Dollar extends retreat as traders await next catalyst Yen slides as BoJ signals no rush to raise interest rates Chinese markets supported by more stabilizing efforts Wall Street rallies, gold holds steady, oil gains Dollar weakens despite Collins pushing back on rate cut bets The US dollar continued pulling back against most of its major peers on Wednesday, gaining only against the yen and the franc.
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Analysis - 1 year ago

How much trouble is China’s economy in and is there a risk for global contagion?

China has long been the world’s growth engine, but that status is under threat as its economic recovery has hit a major stumbling block and the high-growth era seems to be well and truly over. Exports are falling, consumers aren’t spending much, bank lending is slowing and the crisis in the property sector only seems to be deepening. Can the Chinese government navigate its way out of this mess, which is partly its own doing, or is there more pain to come?
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Analysis - 1 year ago

Market Comment – Dollar trades mixed, awaiting Powell’s speech; Euro slides on PMIs

Dollar trades mixed as Jackson Hole draws closer Fed’s Barkin sees reacceleration scenario Euro falls on PMIs, UK PMIs next Wall Street turns spotlight to Nvidia earnings Fed’s Barkin adds to the likelihood of more Fed hikes The US dollar traded mixed against the other major currencies on Tuesday as traders may be reluctant to assume large positions ahead of the Jackson Hole economic symposium and Fed Chair Powell’s speech on Friday.
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Analysis - 1 year ago

Market Comment – Dollar traders turn cautious ahead of Jackson Hole; PBOC bolsters yuan

Dollar pulls back on cautious trading ahead of Jackson Hole 10-year Treasury yields extend rally to levels last seen in 2007 China’s central bank sets yuan mid-point higher than expected Nvidia lifts both Nasdaq and S&P 500 ahead of its earnings Dollar slides but yields keep surging; Jackson Hole awaited The US dollar traded lower against most of the other major currencies on Monday and remained on the back foot today.
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Analysis - 1 year ago

Market Comment – Global stock rout deepens amid China gloom, jump in yields

Stocks extend slump as China fears intensify, yields scale fresh highs Dollar on a winning streak as Wall Street heads for third weekly loss Markets eye more China rate cuts and Jackson Hole for Fed clues More pain for risk assets The rout in global stock markets shows no signs of ending on Friday even as the surge in bond yields has eased off a little.
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Analysis - 1 year ago

Market Comment – China cuts rates but stocks mixed, strong GDP fails to lift the yen

China unexpectedly cuts key lending rate as weak data keeps pouring in, yuan skids Japanese growth surges in Q2 but yen hits fresh low, sparking intervention fears US retail sales eyed as tech stocks rally despite soaring yields Yuan slumps after rate cut as China concerns mount China’s central bank announced a surprise rate cut on Tuesday, lowering its one-year medium-term lending facility by 15 basis points to 2.50%.
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