USD/CNY (US Dollar to Chinese Yuan) Forecast, Page 1

The British pound is steady, but could receive a boost if retail sales delivers a solid gain (release on Friday at 9:30 GMT). The story of the week has been the Chinese yuan, which has climbed to a 7-month high against the U.S. dollar.

“Expanding trade.” is the meat of the matter, but other than that, I think we’re chasing stories of ghosts of handshake trade truces past interjected with opinions on narratives that haven’t even evolved yet, so maybe time to let the dust settle before diving in

The pound has remained steady this week, despite some dismal economic data. GDP declined by 0.3% in November and inflation slowed to 1.3% in December. If the soft economic numbers keep coming, the pound could find itself in 1.29 territory in a hurry.

Our proprietary leading indicator, Credit Impulse, which tracks the flow of new credit from the private sector, is at a turning point. We expect that global credit impulse will become positive in the coming quarter, which confirms our positive narrative for the global economy in 2020.

However, removing China from the currency manipulator list, a thorny issue for the mainland , eliminates one of the significant obstacles in the way to the next phase of the comprehensive agreement.On the more one-sided tails for Asian FX, particularly in the more trade/ growth/tech-oriented North. China is expected to

The world markets are moving upwards amid hopes for a trade truce between China and the US. An additional reason for optimism was the news that China was removed from the list of potential currency manipulators on the eve of the deal.

The pound has clawed its way back above the 1.30 line. Still, this week’s soft GDP release underscores a weak British economy, which could dampen investor sentiment towards the pound.

The pound continues to lose ground and fell below the symbolic 1.30 line on Monday. A contraction in November GDP points to a weak British economy, which could mean more turbulence for the currency.

The British pound has been losing ground and is desperately trying to stay above the key 1.30 level. Investors are braced for soft readings from GDP and Manufacturing Production (both at 9:30 GMT), so it could be a sour start to the week for the pound.

The pound showed little reaction as Parliament passed the Brexit withdrawal bill on Thursday. We could see some stronger movement before the end of the week, as the U.S. releases the December nonfarm payrolls report at 13:30 GMT.

The British pound has settled down after some strong swings early in the week. Still, the markets remain unsettled, as the situation in the Persian Gulf remains very tense.

The pound is showing limited movement on Wednesday, but this could quickly change, as nervous markets monitor the U.S.-Iran showdown

The pound is showing strong movement early in the year, and with investors unnerved by the U.S. killing of an Iranian general, the volatility could well continue this week.

GBP/USD is steady at the start of the week. It could be a volatile week, after the killing of an Iranian general by the U.S. on Friday.

The U.S. dollar sagged on the last day of 2019, as the pound jumped over 1 percent. The pound has steadied on Thursday, as volume remains light in this holiday-shortened week. The Aussie, NZ dollar and Chinese yuan also took advantage of a weaker U.S. dollar, ending the year with

It has been a volatile year for the pound, marked by extreme highs and lows. With the post-Brexit era about to begin, we are likely to see further swings from the currency early in 2020.

The pound has held its own against the dollar this week, and GBP/USD is back above the symbolic 1.30 level. Traders can expect a quiet day, with no key releases out of the U.S. or the U.K. until next week.

The British pound has steadied on Monday, after sustaining its worst week in over three years. A soft retail sales report and a dovish message from the Bank of England resulted in sharp losses for the pound.

The pound remains under pressure and has slipped over 2 percent this week. A warning from the BoE and a decline in retail sales on Thursday have contributed to cable’s slide.

British numbers have not looked impressive this week, as employment and inflation numbers have been lukewarm. The pound could show some stronger movement later in the day, as the U.K. releases retail sales (9:30 GMT) and the Bank of England rate decision (12:00 GMT).