search.noResults

search.searching

note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
FX FUNDAMENTAL ANALYSIS


stronger. The FED in their earlier warnings about raising rates three times in 2017


also added pressure


to the RMB to soften relative


Februar y to USD, although


President Trump labeled China as “grand champions” of currency manipulation on


Chinese expor ts cheaper and taking


23rd, making away American


Chart 1 - USD/CNH Monthly


manufacturing jobs. This may come close to clarity again on 15th April 2017 in the Treasury Currency Report as mentioned by US Treasury Secretary Mnuchin. A senior official from China’s Deputy International Trade Representative


explained


that China has made progress in its market oriented reforms of exchange rate system, and the US Treasury Department remarked in its 15th October 2016 report that China does not meet requirements of manipulating their currency, but are progressing to reduce current account surplus to GDP ratio.


China’s central bank has spent more than $570 billion wor th of assets


foreign exchange to prop up the yuan Chart 2 - AUD/NZD Monthly


to counter capital outflows. The International Monetary Fund (IMF) mentioned last


46 FX TRADER MAGAZINE April - June 2017


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64