CNY
Global Daily: Buying the Rumour
The Dow Jones closed up more than 1% on Friday, the S&P500 rose by 0.79% and futures are pointing higher today following the release of a benign CPI inflation report...
Exclusive A foreign currency movement?
The recent unwinding of USD/JPY carry trades also led to sharp downward movements of USD/CNH These sharp movements force us to alter our USD/CNH forecast for Q3 and...
Exclusive Errrrr for longer
The backdrop of steadily climbing bond yields makes for plenty of discussion of what exactly is going on, and whether this will last. On balance, a higher neutral...
Exclusive Lucky number 7?
In April we saw the first USD/CNY rally pushing the value of USD/CNY almost 6.6% higher in only a matter of weeks. Disappointing economic data released on August 15...
Exclusive 0 chance of changing 0-covid policies?
Covid is still plaguing China’s economy and lockdowns harm both the supply and demand side of the economy. With the zero covid policy still in place, China’s economy...
Exclusive Changing policies?
Since the very start of this year we have held the view that we would see a gradually strengthening of the USD/CNY exchange rate this year. While the renminbi has...