USD, yields wobble near month end, CNY to lead AUD/USD higher?
Soft data and month-end flows jolted the USD at its cycle highs. If the USD pulls back even slightly, it could help lift AUD/USD from its lows and track the yuan higher.
Articles tagged with "cny"
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The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
Surge in AU inflation heightens RBA rate hike expectations but is not a game changer for the AUDUSD
This morning's release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for the first time since 2010.
US-China tensions on the rise again: Could USD/CNH be (re-)weaponized?
The two sides are nowhere near rolling back the tariffs that kickstarted the “trade war” three years ago...
European Open: FTSE 100 Coiling Up for a Breakout?
A symmetrical triangle is forming on the FTSE 100, although a volume-based indicator is suggesting it may not break out in the conventional direction.
Chinese Lunar New Year: This time it’s different
This year will be much more subdued.
USD/CNH: strong down trend holds
USD/CNH fell 9% from the top of 2020 as investors expected the recovery of the economy after the pandemic.
USD/CNH: Bearish Run Shows no Signs of Stopping Yet
USD/CNH has dropped 1.4% so far in October and is on track for a fifth straight monthly decline.
USD/CNH: Remain Under Pressure Despite a Modest Rebound
Despite a rebound in the U.S. dollar, USD/CNH longer-term technical outlook remains bearish....
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