USD/CNY News, Page 1

It’s a big week ahead. Britain leaves the EU, Trump’s defense team is in action, corporate earnings are in focus, and the FED and the BoE are in action.

It was a tough week. While economic data was skewed to the positive, the coronavirus and dovish sentiment towards monetary policy also influenced.

The U.S-China trade war has dampened the Australian economy, as China is a key trading partner for Australia. The Phase One trade accord could weigh on the Australian dollar, as a Chinese commitment to purchase more U.S. goods could come at the expense of Australian exports.

It’s a big week on the monetary policy front, with stats also to influence…

It was quiet a week, which culminated in Dollar dominance and Pound woes.

The U.S .and China signed the ‘Phase One’ trade agreement, after years of a bitter trade war between the sides. Still, the accord is only a first step, as some U.S. tariffs will remain in place.

The U.S. has formally removed China as a currency manipulator, just ahead of the signing of the ‘Phase 1’ deal. Given its past record, will China really change its ways?

In Taiwan, President Tsai Ing-wen, who favors independence, won a landslide victory. This will pose a challenge for both China and the United States, as the tense relationship between Tapei and Beijing could worsen.

The focus will be on Iran and the signing of the U.S – China phase 1 trade agreement. Any shocks and expect risk aversion to bite.

It was a particularly choppy week for the markets. The Middle East, Brexit, and economic data were all in focus throughout the week.

The trade war has hurt the Chinese economy, with manufacturing particularly hard-hit. Higher tariffs have triggered a manufacturing exodus, which could have negative ramifications for the global economy.

The U.S. and China reached a limited trade deal in December and a signing ceremony is scheduled for next week. The markets are hopeful that the sides will continue to make progress, as the ongoing trade war has taken its toll on the global economy.

It was a mixed week, as risk appetite hit reverse in the 2nd half of the week in response to U.S military action in the Middle East.

President Trump has pointed to the ‘Phase 1’ trade deal with China as a major achievement. This week, Trump tweeted that the deal would be signed on Jan. 15, but the Chinese are yet to confirm this date.

In a quiet week on the data front and with volumes on the lighter side, it was the USD that hit reverse as sentiment towards trade supported riskier assets.

A particularly hectic week saw the Pound tumble back to sub-$1.30, while the Dollar impressed in spite of Trump’s impeachment.

It’s a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.

A bounce back in the Dollar and equity market rally on Friday painted a different picture of what preceded the U.S labor market figures.

It is a big week ahead, with corporate earnings, trade talks, Brexit and economic data in focus. There’s also the IFM meetings and the EU Summit.

Brexit news and progress on the U.S – China trade talks drove demand for riskier assets in the week, pinning back demand for the Dollar and the Yen.