Possible Market Implications for Chinese Balloon
The big story over the weekend, at least as far as social media was concerned, was the Chinese balloon. The US claims it contained spy equipment, China says it was a weather balloon that went off course. The incident has plenty of political fodder, and has heightened tensions between Washington and Beijing. The first policy […]
Dollar near one-month high; strong payrolls, rising Chinese tensions help By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar rose in early European trade Monday, boosted by raised tensions between China and the U.S., while Friday’s strong payrolls prompted traders to reassess the extent of the Federal Reserve’s likely interest rate tightening. At 03:25 ET (08:25 GMT), the , which tracks the greenback against […]
Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?
The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower? Source link
Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan rose sharply on Monday as local markets reopened from a week-long holiday, while most other Asian currencies strengthened in anticipation of a Federal Reserve meeting and a slew of economic data releases this week. The rose 0.4%, benefiting from bets that the Lunar New Year […]
Chinese PMIs and Potential Commodity Currency Recovery
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, since they are the freshest data, and give insight into economic trends. If the economy is ramping up, purchasing managers […]
Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13 By Reuters
© Reuters. Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration (Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of on January 13 to buy roubles, as it began to make up […]
Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?
Japanese Yen, USD/JPY, BoJ, JGB, Nikkei 225, China Data, Crude Oil – Talking Points The Japanese Yen softened today ahead of a crucial BoJ meeting Chinese data was better than expected but it wasn’t all good news If the BoJ shift toward further tightening, will USD/JPY resume its downtrend? Recommended by Daniel McCarthy Get Your […]
Chinese yuan sinks on mixed GDP, Asia FX rattled by recession fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Tuesday amid renewed fears of a global recession this year, with the yuan among the worst performers as data showed Chinese economic growth was pummeled by COVID lockdowns in 2022. The fell 0.4% to 6.7611, coming off a near five-month high after data […]
Heads up for a barrage of Chinese economic data due on Tuesday, 17 January 2023 – preview
China heads off on a week-long holiday at the end of this week for Lunar New Year, welcoming in the Year of the Rabbit. Let’s see if any of this data pulls a rabbit from the hat: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are […]
With a sale of Chinese yuan, Russia kicks off 2023 forex intervention By Reuters
© Reuters. FILE PHOTO: Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing […]