Disappointing economic data continue to pile pressure on NZD, AUD, and the yen against other majors mid-week. The Chinese yuan is strengthening against the dollar on impressive PMI data. The euro is losing ground against the pound as the COVID-19 situation in France and Germany arouse concerns. Gold is also on the back foot amid rising yields. It’s another … [Read more...] about GBP/JPY Rallies to 3-Year Highs as USD/CNY Edges Lower and Gold Under Pressure Amid Rising Yields
Forex News
USD/CNY: The Yuan Jumps as China Growth Story Goes On
The USD/CNY price declined by more than 0.35% on Wednesday after China delivered relatively strong manufacturing and non-manufacturing PMI data. It fell to 6.55, slightly below the year-to-date high of 6.5793. China strength continues China has had a strong recovery from the pandemic. While it was the first country to report the coronavirus case, it became the first … [Read more...] about USD/CNY: The Yuan Jumps as China Growth Story Goes On
USD/SGD: Here’s Why Singapore Dollar Could Spike to 1.3388
The USD/SGD price dropped sharply after the relatively strong Singapore industrial production numbers. It fell to 1.3460, which was substantially lower than this week’s high of 1.3496. Singapore strong economic numbers Singapore has done relatively well in the past few months amid the coronavirus pandemic. The country has been helped by the strong demand for most of … [Read more...] about USD/SGD: Here’s Why Singapore Dollar Could Spike to 1.3388
Japanese Investors Boost Global Treasury Selloff
Japanese banks and insurers boosted global selling in February in efforts to finalize their investment returns by the end of their financial year on Wednesday, according to a report by The Wall Street Journal. The 10-year US Treasury yields rose from close to 1% at the end of January to an intraday peak of over 1.77% on Tuesday.Large Japanese investors collectively made net … [Read more...] about Japanese Investors Boost Global Treasury Selloff
Global Shares Waver As U.S. Yields Continue To Climb
Global shares tumbled while the U.S. dollar hovered recent highs as Treasury yields continued to rise, according to Reuters. Europe's regional STOXX 600 index gained 0.1%, while Britain's FTSE 100 was down 0.3%.MSCI's All Country World Index traded 0.1% lower; while its index of Asia-Pacific shares outside of Japan dropped 0.4%, its first monthly loss in five months.China's … [Read more...] about Global Shares Waver As U.S. Yields Continue To Climb
