TAG CNH

Trump Says China Not Ready to Reach Deal on Trade

President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war. Trump, speaking to reporters in the Oval Office, also said China is not ready to…

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Will the bond market bloodbath resume?

Tuesday October 9: five things the markets are talking about The first day back in a holiday-shortened trading week again sees U.S Treasury yields creeping higher, trading atop of their seven-year high yields. This aggressive backing up of sovereign yields this month is again putting pressure on risk assets. However, overnight, equities traded mixed, with…

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Muted response to PBOC’s liquidity easing move

PBOC slashes reserve ratio requirement for some banks On Sunday the PBOC announced via its website that it was reducing some banks’ reserve ratio requirement by 100bps effective October 15, the fourth such move this year. The move is calculated to free up to 1.2 trillion yuan ($174 billion) for additional lending, and is seen…

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Asia market update : riding the risk roller coaster

The markets remain incredibly fragile. The negative equities view isn’t just affecting a sector or two, but it’s across the board as large-cap stocks are wobbling on the toxic combination of higher US yields and risk aversion, which has equity investors running for cover. But none the less,  a very confusing landscape to start the…

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Markets Yield to pressure?

Markets Yield to pressure? Not so far today as the markets have opened predictably quiet with Tokyo and New York celebrating their holidays. USDCNH is trading unpretentiously higher but the USD, in general, remain little-changed post-NFP.  Strength in labour markets, and with wage growth picking up, it suggests the US versus the rest of the…

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Week Ahead – Dollar Slows Down After US Jobs Miss

The US dollar was mixed Friday. The greenback advanced against the commodity currencies (CAD, AUD AND NZD) edging higher against the CHF, but was lower agains the JPY and the EUR. The GBP deserves a special mention as positive Brexit rumours pushed it 0.61 percent higher against the USD. The American currency lost momentum as…

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Employment: U.S miss, Canada beat expectations

U.S unemployment rate falls to a 49-year low The September U.S unemployment rate fell to +3.7% from +3.9% in August, the lowest rate since 1969. The U.S non-farm payrolls rose to a seasonally adjusted +134K in September, the smallest gain in the past 12-months. It would appear that Hurricane Florence may have had a bigger…

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NFP – what to expect

Friday October 5: Five things the market is talking about The granddaddy of economic indicators – U.S non-farm payrolls (NFP) for September – will be released later this morning (8:30 am EDT) along with the Canadian jobs report. Today’s U.S number is ‘big,’ especially with this week’s aggressive backing up of the U.S yield curve.…

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Asia market close: focus on JGB’s and CNH

Japanese Government Bonds As the Asia session wore on, there was a greater focus on JGB moves. And while this is more about short-term noise, as I will elaborate below, it could have medium-term implications for USDJPY. With spot trading comfortably above 114, and the 10y JGB yield is around 0.15% – the highest since…

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