CNY=X - USD/CNY
| Previous Close | 7.075 |
| Open | 7.076 |
| Bid | 7.075 |
| Day's Range | 7.075 - 7.076 |
| 52 Week Range | 6.6648 - 7.1839 |
| Ask | 7.076 |
- FX Empire
AUD/USD, NZD/USD, USD/CNY – Asian Session Daily Forecast
Chinese yuan gains ground, NZ and Australian dollars remain quiet. U.S. retail sales are expected to slip – will this shake up currency markets?
- MarketWatch
China unveils products to be exempt from tariffs: report
China plans to exempt 16 products from the first round of extra tariffs on U.S. imports, Chinese media reported Wednesday. That exemption will take effect September 17, the South China Morning Post reported, citing the Customs Tariff Commission of the State Council. Those lists of exempted goods include seafood products and drugs to fight cancer, according to separate media reports. U.S. and Beijing negotiators are due to meet in Washington in October for a fresh round of trade talks. Meanwhile, Hu Xijin, the editor of the state-owned Global Times tweeted that "China will introduce important measures to ease the negative impact of the trade war. The measures will benefit some companies from both China and the U.S."
- Investing.com
Yuan Inches Up as China Scraps Foreign Investment Limit in Stock Markets
Investing.com - The Chinese yuan inched up against the U.S. dollar on Wednesday in Asia after Beijing scrapped foreign quota and allowed unfettered access to the stock markets.
- MarketWatch
China's SAFE says it's loosening foreign investment rules
China's State Administration of Foreign Exchange said it's decided to cancel the investment quota limitations of qualified foreign institutional investors and RMB qualified foreign institutional investors. Foreign institutional investors will still need to go through registration, SAFE said. More than 400 institutional investors from 31 countries and regions have invested in China's financial markets through these channels, SAFE said.
- FX Empire
The Market Remains Supported By Central Bank Easing
Stocks and risk assets opened relative composed despite data released on Sunday, which showed China’s exports unanticipatedly shrunk with sales to the US plunging 16 per cent as trade wars grumble.
- MarketWatch
Why ratings agency Fitch downgraded Hong Kong’s credit after 3 months of political unrest
Fitch Ratings has downgraded Hong Kong’s credit rating as three-month months of angry protests have persisted, threatening “the stability and dynamism of its business environment,” the credit-rating agency said late Thursday.
- FX Empire
AUD/USD, NZD/USD, USD/CNY – Daily Forecast
Chinese trade surplus and NZ manufacturing sales disappoint, Australian business confidence ahead
- FX Empire
Nonfarm Payrolls, Trump’s Tweets and Johnson’s “Dead End”
This morning, Asian stocks show growth, following yesterday’s strong American session. The MSCI Asia Pacific Index has been rising as high as possible since June, adding 0.4%. The yuan’s offshore exchange rate fell 0.1% to 7.1478, while it was this instrument that was considered China’s most powerful weapon against duties in the trade war.
- FX Empire
AUD/USD, NZD/USD, USD/CNY – Daily Forecast
RBA decision, Chinese PMI and the ANZ commodity prices effects on the three pairs
- FX Empire
USD/CNY Daily Forecast – Mixed Chinese Manufacturing Reports Leave Traders Puzzled
The bitter trade dispute between the U.S. and China escalated last week, as the two countries slapped each other with new tariffs on September 1. The U.S. imposed new 15% tariffs on $125 billion worth of Chinese goods, while retaliated with new tariffs of 5% and 10% on an unspecified value of U.S. goods, including oil imports.
- Investing.com
Gold Prices Grind Higher Despite Signs That It's a Crowded Trade
Investing.com -- Gold prices edged higher on Tuesday as a combination of nerves over Brexit, Hong Kong and U.S.-China relations all kept haven assets well bid and risk assets on the defensive.
- Investing.com
Pound Drops Below 1.20 on Brexit Uncertainty, Euro Weaker
Investing.com - The British pound fell to its lowest level since October 2016 on Tuesday amid uncertainty as investors waited to see whether lawmakers would be able to block Prime Minister Boris Johnson’s plans to pursue a no-deal Brexit.
- FX Empire
Forex Daily Recap – Pound Dropped amid General Election Speculations
Today, the Aussie pair slipped out of the choppy bracket and was heading south. Meantime, the USD/CHF pair was testing the overhead Ichimoku Clouds.
- FX Empire
Gold down as US and China Agree on a ‘Calm Attitude,’ Silver Extends Rally
XAU/USD advanced to break a short term resistance at 1,545 and to trade at highs since August 25 at 1,550. However, Feng remarks sent the metal down. The unit is now trading 0.24% negative in the day at 1,536.
- MarketWatch
3 reasons why China won’t ‘weaponize’ its currency as trade-war escalates
Get ready for a weaker Chinese yuan, but look for Beijing to limit the drop even as the U.S.-China trade war intensifies, says UBS.
- FX Empire
Soybeans, Corn, Recovers Ground on Improved Crop Rate and Trade War
Early in the day, soybeans, wheat and corn traded sideways or negative but grains recovered ground in an improved sentiment. However, rising USD/CNY is adding more risks to farmers’ sales to China due to an expensive dollar.
- FX Empire
Gold Positive on Trade War and Germany Recession Concerns, Silver Rallies
Metals are trading positive on Tuesday as investors are digesting economic data in Germany and the news about the trade war between the US and China. Besides, a cheaper dollar is making holding in gold more attractive.
- Investing.com
U.S. Dollar Down Slightly as Trade in Focus
Investing.com - The U.S. dollar was slightly lower on Tuesday, while the safe-haven yen pulled back from earlier highs as traders paused to evaluate the possibility of the U.S. and China restarting trade talks.
- Investing.com
Yuan Falls Amid Conflicting Signs on Trade War; Yen Gains
Investing.com - The Chinese yuan fell against the U.S. dollar on Tuesday in Asia amid conflicting signals on the Sino-U.S. trade war.
- MarketWatch
Add a new risk — geopolitics — to the list of U.S. stock market worries
The Federal Reserve has now stopped its monetary tightening, yet the most vulnerable emerging market currencies are still falling like flies. The reason why monetary tightening pressures weaker currencies of countries with inadequate foreign-exchange reserves is that it tends to push the dollar higher via higher U.S. interest rates. If the host country has been on a dollar-borrowing spree, higher U.S. rates and stronger dollar tend to make those debts harder to service and roll over.
- FX Empire
Gold Back From Highs Since April 2013, Trade War, Dollar-Yuan Catalysts
Sentiment rollercoaster remains alive. Gold is trading backed on fundamental news, technical studies are limited due to the current global situation, and all the moves are clearly risk aversion/appetite, and US bond yields influenced.
- FX Empire
This is How Winning Trade Wars Looks Like
Amongst the many Trump campaign promises, the promise that the American people will “Have so much winning if I get elected that you may get bored with winning” stands out, however it doesn’t appear like it will become boring anytime soon.
- FX Empire
Asian Markets Spurn Riskier Assets, As Investors Weather Sudden Escalation in US-China Trade Conflict
Asian stocks and currencies are painting a sea of red, while safe haven assets have surged.
- Investing.com
Yuan Down Amid Intensifying Sino-U.S. Trade War; Yen Gives Up Gains
Investing.com - The Chinese yuan traded lower against the U.S. dollar amid the escalating trade war. The safe-haven yen rose but later gave up its gains.
