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Home / Tag Archives: China Caixin Manufacturing PMI

Tag Archives: China Caixin Manufacturing PMI

FX Daily, June 01: CNY Softens after PBOC’s Move; Equities Advance on Stronger World Outlook

Swiss Franc The Euro has risen by 0.15% to 1.0948 EUR/CHF and USD/CHF, June 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar fell against most major currencies following the PBOC’s modest move to reduce the upward pressure on the yuan. Follow-through selling was seen earlier today, and sterling reached a new three-year high. However, the dollar found a bid in the European morning, while the...

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FX Daily, September 30: A Busy Week Begins Quietly

Swiss Franc The Euro has risen by 0.24% to 1.0862 EUR/CHF and USD/CHF, September 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: As the quarter ends, the capital markets are mixed. Equities in Asia Pacific were heavier, except in Hong Kong and Australia, while shares were mixed, leaving the Dow Jones Stoxx 600 little changed through the European morning. US shares are trading firmer. Benchmark 10-year bond...

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What Happened Monday

Markets in the US and Canada were closed on Monday for national Labor Day holidays. Here is a succinct summary of key developments that will set the backdrop for Tuesday. 1. On September 1, the new round of tariffs in the US-China fight took effect. The US placed a 15% tariff on around 3000 Chinese goods that thus far had escaped action. China put a 10% level on 1700 US goods. No date has been given for the next round of face-to-face talks that were expected this...

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FX Daily, July 01: Trade Optimism Meet Reality of Disappointing PMI

Swiss Franc The Euro has risen by 0.52% at 1.1155 EUR/CHF and USD/CHF, July 01(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new tariff truce between the US and China, coupled with the North Korean diplomacy and Russia-Saudi tentative agreement boosted investor confidence and sharp equity rallies. Japanese and Chinese equities rallied 2-3%. Most markets...

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FX Daily, April 30: Dollar Pares more Gains as EMU GDP Surprise

Swiss Franc The Euro has risen by 0.31% at 1.1437 EUR/CHF and USD/CHF, April 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 set a new record high and close yesterday, but the lift to global markets was not strong enough to overcome the disappointing Chinese PMI. Although Chinese equities traded higher on ideas that the news will spur additional...

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FX Daily, June 01: Ironic Twists to End the Tumultuous Week

Swiss Franc The Euro has risen by 0.30% to 1.1558 CHF. EUR/CHF and USD/CHF, June 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The week is ending quite a bit different than it began. The main banking concern is not in Italy but in German, where shares in Deutsche Bank shares fell to a record low yesterday, and S&P Global cut its credit rating one step to BBB+...

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FX Daily, May 02: Confident Fed Key to New Found Respect for the Dollar

Swiss Franc The Euro has fallen by 0.03% to 1.1944 CHF. EUR/CHF and USD/CHF, May 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There is a brief respite in the powerful short squeeze that has fueled the dollar’s dramatic recovery. The greenback which was nearly friendless a month ago now has many suitors. It is higher on the year against all the major currencies but...

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FX Daily, April 02: Monday Blues

Swiss Franc The Euro has fallen by 0.03% to 1.1746 CHF. EUR/CHF and USD/CHF, April 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar drifted a little lower in Asia to start the week while equities had a slightly heavier bias. The MSCI Asia Pacific Index slipped 0.1%. European bourses are mostly closed for the extended Easter holiday, while the S&P is...

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FX Daily, March 01: USD Snaps 3-Month Slide, Firm Ahead of Powell Part II

Swiss Franc The Euro has risen by 0.17% to 1.1534 CHF. EUR/CHF and USD/CHF, March 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar rebounded last September and October before the downtrend resumed in November, and lasted through January. The dollar gained broadly last month, except against the yen, which rose almost 2.4% in February. This pattern is...

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FX Daily, February 01: Fed’s Hawkish Hold Keeps Dollar Consolidation Intact

Swiss Franc The Euro has risen by 0.10% to 1.1578 CHF. EUR/CHF and USD/CHF, February 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Yellen Fed ended on a high note. She took over the reins the of Federal Reserve an implemented a strategic normalization process monetary policy, and helped engineer not only the first post-crisis rate hikes but also the beginning of...

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