Not a Member? Join Now!   Already a Member? Sign In!

Forex News

USD Advances vs. CNH

A 7.5% growth forecast from China for 2012 (an 8 year low projection) has helped push the USDCNH pair back toward February highs (as well as the fix.) Depending on how Europe and the US markets interpret these estimates could go a long way toward determining what kind of legs this bid could have particularity if the February levels are broken. Note December highs at 6.42 area.

Aussie Inflation Report

The Inflation Report for February came out softer than expected, moving risk lower.

  • TD Securities Inflation (MoM) – Actual:0.1%   Prior:0.2%
  • TD Securities Inflation (YoY) – Actual:2.0%   Prior:2.2%
Syndicate content