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USD/JPY, USD/CNH: BOJ, PBOC inaction fuelling US dollar strength

Only intervention from the Bank of Japan (BOJ) or a dramatic increase in Fed rate cut bets look to be standing between USD/JPY and a test of the multi-decade highs struck in late April, unless the People’s Bank of China (PBOC) moves aggressively to curb weakness.

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June 21, 2024 01:13 PM
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USD/CNH hits 2024 highs as PBOC loosens grip on yuan

The People’s Bank of China (PBOC) continues to loosen its grip on the Chinese yuan, sending USD/CNH highs not seen since late 2023 on Thursday. Given the influence the yuan has on emerging market and other Asian currencies, the technical break may have global ramifications if it sticks.

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June 20, 2024 03:17 PM
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Gold Weekly Forecast: Will We Get a Pullback After XAU/USD’s Surge to Record Highs?

Gold is overbought on a short-term basis, but the long-term returns hint at more room to run higher from here...

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March 9, 2024 01:00 PM

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China’s stock market rescue brings in reinforcements

China’s “National Team”, the nickname given to state-backed entities tasked with rescuing markets, are doubling their efforts, upping purchases of exchange-traded funds (ETFs) while restricting certain undesirable activities detrimental to stock prices. So far, indices such as the A50 are rallying.

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February 6, 2024 01:57 PM
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China’s ‘National Team’ may be mobilising to stabilise its crumbling equity markets

China’s ‘National Team’ – a collection of state or quasi state-backed entities tasked by the government to smooth out financial market ructions when the prevailing price action is deemed desirable – looks like it may have been mobilised with China’s A50 ripping higher late Thursday and going on with the move today.

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January 19, 2024 03:49 PM
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USD/CNH down, A50 up as weak Chinese inflation keeps stimulus hopes alive

Chinese inflationary pressures remain weak, whether it be upstream or for consumers. But with expectations for further stimulus from the Chinese policymakers baked in the cake, does it have implications for China’s equity market or currency?

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January 12, 2024 01:46 PM
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USD/CNH, AUD/JPY: China ‘data dump’ relieves pressure on yuan, Australian dollar

China’s August “data dump” has come in ahead of expectations, solidifying the view activity in the world’s second-largest economy is beginning to stabilise.

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September 15, 2023 12:42 PM
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USD/CNH: Turning point as yuan strengthens despite US core CPI strength?

USD/CNH has broken out of the range it’s been in since July, signaling a potential period of consolidation, or even a reversal, from the prevailing bullish trend.

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September 14, 2023 09:33 AM
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USD/CNH: Encouraging signs from China’s economy may spark deeper reversal

The Chinese yuan looks set for its largest gain against the US dollar since March, propelled higher a triple-whammy of factors.

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September 11, 2023 04:38 PM
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China A50: upside risks for earnings grow as stimulus ramps up

Comprising huge financial and property firms, China's A50 may benefit from the rapid rollout of stimulus measures.

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August 30, 2023 10:57 AM
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USD/CNH, China A50 vulnerable as stimulus measures disappoint

China cuts benchmark interest rates less than expected, adding to concerns about the trajectory for Chinese markets and the economy.

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August 21, 2023 12:45 PM
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USD/CNY: PBOC ramps up efforts to defend the yuan

The People's Bank of China delivers the strongest USD/CNY fix relative to expectations on record.

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August 18, 2023 11:36 AM
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AUD/USD, USD/CNH whipsawed as PBOC cuts rates

USD/CNH rallies as the PBOC unexpectedly cuts wholesale interest rates. AUD/USD gains on stimulus hopes.

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August 15, 2023 01:16 PM
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China ready to intervene in USD/CNH; Tells banks to prepare

After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.

September 30, 2022 02:01 AM
Research

European Open: The PBOC cut lending rate, EUR/CHF set for new lows?

The PBOC lifted China’s equity markets and commodity FX pairs with another round of easing, aimed at supporting their flailing property market.

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Could the PBOC allow USD/CNH to head for 7.000

USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.

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China CPI, PPI, and RRR

The most impactful piece of news from China was the increase in the Reserve Requirement Ratio (RRR) by the PBOC from 7% to 9%

December 10, 2021 04:19 AM

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European Open: PBOC to ‘take it easy’ on XI’s command?

The independence of China’s central bank is being questions on reports that China’s top anticorruption agency have been the PBOC’s offices after the past few weeks.

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December 9, 2021 04:31 PM
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Are China’s problems finally catching up? USD/CNH

It appears that the PBOC couldn’t keep the Yuan down any longer and may have “let it go” to take out stops below the market

October 20, 2021 04:06 AM
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People’s Bank of China: a guide to China’s interest rates

The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets.

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April 28, 2021 03:26 PM

Stocks rebound on PBoC as EZ deflation boosts ECB QE prospects

The European stock markets started the new week and the last day of February on the back foot this morning. The kick-back rally had actually […]

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March 1, 2016 12:00 AM