Chinese Yuan Chips at Dollar as Iron Ore Catches Bid on Stimulus News
The Chinese Yuan made gains against the Dollar overnight as traders went risk-on in New York. News of a new round of infrastructure stimulus out of China pushed iron ore…
Read More »NZD/USD Bulls Target December High After US CPI Fails to Inspire Greenback
The New Zealand Dollar gained along with the Australian Dollar and Chinese Yuan after a red hot US CPI print failed to inspire the US Dollar. A light economic docket…
Read More »Chinese Yuan Forecast: USD/CNH Eyes PMI Data as Prices Gyrate Near 2021 Low
The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today's APAC session.
Read More »Eyes on the USD/CNY reference rate setting after yesterday’s PBOC yuan
Yesterday a PBOC Dep Gov said 2-way fluctuation of the yuan will become a new normal The comments followed a bot more of a muddled message from the boss, when…
Read More »JPM raise USD/CNY year-end forecast to 6.35 (from 6.25)
Ahead of today’s onshore yuan reference rate setting, a brief excerpt from a JP Morgan note Citing — As you can see from the chart below, JPM are not bullish…
Read More »The People’s Bank of China USD/CNY reference rate is expected at 6.6698
The mid-rate will be set at 0115GMT by the PBOC. Yuan has been strengthening since May:
Read More »PBOC sets USD/ CNY reference rate for today at 6.6781 (vs. yesterday at 6.6930)
Central rate for onshore yuan trading for the session ahead set by the People’s Bank of China Another decent rise for the yuan at the setting.
Read More »PBOC sets USD/ CNY reference rate for today at 6.7332 (vs. yesterday at 6.7374)
People’s Bank of China injects 50bn yuan in 7 day reverse repos
Read More »PBOC sets USD/ CNY reference rate for today at 6.7825 (vs. yesterday at 6.8222)
People’s Bank of China ramping up that onshore yuan … a not quite 4 big figure revaluation for the central rate.
Read More »PBOC sets USD/ CNY reference rate for today at 6.8891 (vs. yesterday at 6.8903)
People’s Bank of China PBOC injects 50 billion yuan liquidity via 7-day reverse repo
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