OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

USD/CNY has a mixed outlook - BTMU

FXStreet (Guatemala) - Analysts at the Bank of Tokyo Mitsubishi UFJ explained the conditions surrounding USD/CNY.

Key Quotes:

"We think the stage management continues, pushing USD/CNY down by the week. The markets are so indecisive right now it makes you wonder why the Chinese bothered on 11 August?"

"The CNH intervention makes it more difficult to see but we still think capital is flowing out. The CNH/CNY spot spread is widening again (so beware intervention). Maybe more to the point is USD/HKD has been nearly always at the bottom of its trading band in recent days. We think the Basic Law would preclude PBOC intervening in USD/HKD. We think."

NZD/USD consolidated awaiting FOMC outcome

NZD/USD is currently trading at 0.6317 with a high of 0.6378 and a low of 0.6311.
Mehr darüber lesen Previous

Gold struggles despite USD weakness ahead of FOMC

Gold prices struggle to turn positive and extend gains despite USD being offered against the majors ahead of the FOMC rate decision.
Mehr darüber lesen Next
Livechat starten