Tag: CNH

China Warns US About Opening Fire on Trade War

The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect, as Beijing ramped up the rhetoric in the heated dispute. The Trump administration’s tariffs on $34 billion of Chinese imports […]

The Yuan airbrake

The Yuan airbrake Thankfully for regional risk, the PBoC engaged the Yuan airbrake yesterday afternoon and at least for the time being, with the help of Chinese state-owned banks who were seen selling dollars to prop up the Chinese currency, is restoring a sense of calm in regional markets. China remains at the epicentre of […]

Dollar Strong Ahead of July 4 Holiday

The US dollar is higher against most major currencies on Friday. The Canadian dollar was the single currency that appreciated versus the greenback. The loonie moved higher at the end of the week with the release of a stronger than expected monthly GDP number. The softer trade comments also helped dissipate the risk aversion sentiment […]

EUR extends rebound on EU summit deal

EUR bounces as EU leaders reach agreement on migration News that leaders at the EU summit had reached an agreement on migration issues drove the EUR/USD higher in morning trade in Asia. This cemented the small up-move seen yesterday after European CPI figures ticked up for the second straight month. No doubt the news will […]

Dollar rises to new heights against G10 and EM pairs

Thursday June 28: Five things the markets are talking about Global equities remain on the back foot as investors continue to come to terms with the U.S Whitehouse’s strategy towards Chinese investments. After some confusion, the Trump administration has re-established its hardline stance on trade. The U.S dollar has again found traction against its G10 […]

Confusion reigns supreme

Confusion reigns supreme Uncertainty and confusion around trade war are slowly but surely leading the markets down the road to financial horror. Global equity markets continue to fray at the edges on the streams of negative headlines and none more so damning than a report from a Chinese government think tank. The leaked note warned […]

Threat of collapse looms over German coalition

The threat of collapse still loomed over Germany’s three-month old coalition government on Wednesday after crisis talks into the early hours failed to resolve a row over immigration between Chancellor Angela Merkel and her Bavarian allies. The dispute is over plans drawn up by Merkel’s interior minister Horst Seehofer, the head of Bavaria’s conservative Christian […]

Stocks decline on trade worries; oil rallies

Wednesday June 27: Five things the markets are talking about Lingering concerns about trade is keeping global equities muted, although gains in oil prices have been supporting stocks of oil-and-gas companies. Crude prices have built on yesterday’s gains after the U.S. stepped up its pressure on Iran. West Texas Intermediate crude is trading atop of […]

Yuan feels pressure as trade spat continues

Yuan under pressure Pressure on the Chinese yuan extending into a tenth straight day, pushing the USD/CNH rate to a high of 6.61640, which is the highest since December 18. It was another red day for China shares as outflows continue amid concerns about the robustness of the China economy amid deteriorating US-China trade relations. […]

Apple pie and Harley Davidson

Apple pie and Harley Davidson US equity markets are slightly higher as Trade worries subsided despite a volley of tweets from President Trump threatening Harley Davidson’s with import taxes on any motorbikes built in Thailand. And the  US dollar reasserted itself as the dollar bulls ran wild in the china shop overnight. While oil prices […]