TAG: USD/CNH
Hang Seng Index: Potential currency war may kick start another bearish leg
A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March. China’s central bank, PBoC responded with a lower-than-expected daily fixing on the onshore yuan (CNY) last Friday, 22 March which led...
6 months ago
Market Insights Podcast – Pause in oil rally, UK and Japan inflation, China Q1 GDP are the focus for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the possible scenarios on the trajectory oil prices after its 13% rally seen in the past month amid geopolitical tensions in Middle East...
6 months ago
Currency war and geopolitical risk are deadly concoctions for risk assets
The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent weak housing prices. Export-oriented countrie...
6 months ago