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CNH

Chinese Yuan Eyes Economic Data as USD/CNH Surges

APAC, MARKET SENTIMENT, CHINESE DATA, USD/CNH, CHINESE YUAN, and TECHNICAL OUTLOOK – TALKING POINTS After US stock indexes decline, risk-off trading is expected in the Asia-Pacific region. The August economic statistics for China will be released when the USD/CNH increases. After breaking beyond the crucial 7 barrier, the USD/CNH upswing may continue. As a result …

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japan

USD/JPY: Japan’s Worst Monthly Trade Deficit, FX Intervention

FX INTERVENTION OR PERSONNEL FROM JAPAN CONTINUED TO “JAWBON”? Strategist Nick Cawley emphasized an increased sense of urgency from Tokyo regarding unwelcome volatility in the foreign exchange markets in yesterday’s Japanese Yen report. Additionally, Reuters claimed that the Bank of Japan conducted “checks” in the currency market, citing a market source, suggesting that FX intervention …

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usd

USD/JPY reaches peak since August 1998, passes mid-144.00s

On Wednesday, the USD/JPY pair continues its strong upward momentum, building on the previous day’s spectacular rise and gaining significant follow-through impetus. During the first half of the European session, the pair reaches a new high point not seen in the previous 24 years; it is now trading barely over the 144.00 middle point. The …

USD/JPY reaches peak since August 1998, passes mid-144.00s Read More »

eur

Euro (EUR) Breaking News: Record Inflation Print Heats ECB

Inflation in the Eurozone reached a new high in August, and analysts anticipate that it will continue to climb in the months ahead. According to statistics provided by Eurostat, the acceleration of price increases for food, alcohol, and tobacco contributed to the jump in August’s overall inflation rate. Year-over-year price increases for these categories reached …

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