OctaFX | OctaFX Forex Broker
Open trading account

Fed pause to help China defend 7.00 level for USD/CNY - Commerzbank

Commerzbank Economist Hao Zhou believes that Fed rate hike pause would help China defend the psychological level of 7.00 in USD/CNY. 

Indeed, the Fed's dovish stance would alleviate the bullish pressures around the greenback, capping the downside in the Chinese currency. 

The Fed, however, is data dependent and could hike rates, something which markets aren't expecting currently if the labor market and wage growth numbers continue to better expectations. In that case, the USD/CNY could move well past 7.00. 


USD/JPY Intermarket Analysis: US-Japan 10-yr yield spread hits 9-month low

USD/JPY's corrective bounce to 109.00 could be short-lived as the yield differential continues to slide in favor of the Japanese yen. The spread betw
Read more Previous

China: Fears of deeper trouble - AmpGFX

Greg Gibbs, analyst at Amplifying Global FX Capital, points out that more commentators are mulling whether we are in the midst of the big China slowdo
Read more Next
Start livechat