Posts Tagged ‘ China ’

Euro Guns for 1.2000

A turnaround in risk appetite helped to fuel a small rally in beta FX in late Asian and early European dealing today but price action in the majors was generally contained to narrow ranges as markets essentially consolidated on a night of little economic or geo-political news. A leak from Chinese government officials [ READ MORE ]

U.S. GDP & Unemployment Value Worse Than Predicted – EUR/USD Rises

EUR/USD is going up after China declined the report that it’s reviewing its euro-denominated assets, improving an outlook for the euro, and after reports from U.S. showed worse results than was expected. Figures released today were below forecasts, suggesting that U.S. economy isn’t expand as fast… [ READ MORE ]

Euro Rebound Looks Vulnerable

The euro rebounded in Asian session trading after China reaffirmed its commitment to European investments but the rally fizzled as European trading took over with the pair meeting stiff resistance above the 1.2300 level. “China Investment Corp. will continue to invest in Europe despite the recent sovereign debt crisis,“ Gao Xiqing, the sovereign-wealth [ READ MORE ]

China Props The Euro

The euro rebounded in Asian session rising more than 150 points to trade above the 1.2300 figure after Chinese officials reaffirmed their commitment to investing in the region. “China Investment Corp. will continue to invest in Europe despite the recent sovereign debt crisis,“ Gao Xiqing, the sovereign-wealth fund’s chief investment officer, was quoted [ READ MORE ]

Rebound in FX Shortlived?

Investors in all of the major financial markets are a little less nervous today after China denied plans to sell Eurobonds. U.S. stocks are up more than 2 percent with the Dow climbing more than 200 points. [ READ MORE ]

Risk Rally in FX Overshadows Weaker U.S. Data

Risk currencies have been lifted this morning by China’s denial of Eurozone bond sales which also helped the market shrug off weaker than expected U.S. economic data. In yesterday’s daily report, we said “the story is not likely to be real considering that China does not usually telegraph what they are thinking unless it [ READ MORE ]

EUR: What Can Policymakers Do?

With U.S. stocks turning negative in the last hour of trading after having been up more than 100 points, the euro headed back towards its 4 year low of 1.2143. Tuesday’s reversal was extremely short lived as European policymakers failed to deliver. Over the past few days, rumors about central bank action have [ READ MORE ]

Will China Help to Stabilize the Euro?

Chinese stocks soared more than 3.0% today in their largest gain in more than six months on hopes that the PBOC will begin to change its tightening policy posture in light of the recent volatility in global capital markets. Traders now believe that the turmoil caused by the European sovereign debt crisis will [ READ MORE ]

Chinese Yuan as Reserve Currency

Even before the sovereign debt crisis in Europe damped confidence in the world’s second most important reserve currency, the Chinese Yuan was on the cusp of being accepted as a global reserve currency. We’re all familiar with the arguments attacking the Yuan in this context: its currency is pegged, its capital controls are rigid, and its [ READ MORE ]

Failed Euro Bailout Would Buoy Yen

Given that only a week has passed since the bailout of Greece was formally unveiled, it’s still too early to determine whether the plan will be success. Regardless of how it ultimately plays out, though, the bailout (not too mention the concomitant crisis) is shaping up to be THE big market mover of 2009. As [ READ MORE ]

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