Posts Tagged ‘yuan’

Dollar Fell From Its Highest Level In 11 Months Awaiting Yellen

by Forex Rooton August 21, 2014 3:36 pm GMT
The dollar has strengthened 1.7 percent in the past month. The euro fell 0.4 percent and the yen declined 0.9 percent. The dollar fell from the highest in 11 months versus the euro before Federal Reserve Chair Janet Yellen speaks tomorrow at a meeting of central bankers in Jackson Hole, Wyoming. Dollar rallied yesterday after […]

Yuan Traders Benefiting from PBOC’s Volatility Push

by Christopher Lemieuxon June 2, 2014 8:54 pm GMT
Hong Kong traders are benefiting from the increased volatility in the offshore yuan, as the People’s Bank of China (PBOC) allows more market interaction with the Chinese currency. According to Kenneth Lau, head of rates at Standard Chartered-Hong Kong, said that the average daily turnover of spot, forwards and swaps in the yuan now exceed […]

Yuan Continues Its Decent, Expected to End the Year Higher

by Christopher Lemieuxon May 5, 2014 5:16 am GMT
Morgan Stanley forecasts continued bearishness on the Chinese yuan, as option traders become the most bearish on the offshore yuan in ten months. The HSBC final manufacturing PMI came in at 48.1 in April, lower than the 48.3 from the previous month. Along with poorer than expected economic data, the yuan has declined as the People’s […]

USDCNH Technical Outlook Ahead of HSBC Flash Manufacturing PMI

by Christopher Lemieuxon April 21, 2014 1:48 am GMT
Yuan is off recent lows, but concern about a continued slowdown has caused the People’s Bank of China (PBOC) to weaken the reference rate. The currency has sank significantly against the greenback as growth expansion concerns linger. “The yuan is under pressure to weaken amid concern about the Chinese growth,” said Tsutomu Soma, fixed-income at […]