CNH/USD (CNHUSD)
- 0.14831
- +0.00013+0.09%
CNH/USD (CNHUSD) News
Surprise! U.S. nonfarm payrolls unexpectedly declined by 23,000 in July, with previous two months' figures revised down by a total of 103,000, dampening expectations for further rate hikes.
Expected to rise by 80,000 but plunged by 23,000 instead! The latest U.S. nonfarm payroll data unexpectedly cooled significantly—has a September rate hike become nothing more than wishful thinking?
Express News | Offshore renminbi rose 47 pips against the US dollar from Thursday's New York close.
The U.S. nonfarm payrolls report is set for release tonight at 20:30! Could weak data fuel rising expectations of a Federal Reserve rate cut?
The U.S. nonfarm payrolls report for July will be released this Friday, with markets expecting an increase of 83,000 jobs and the unemployment rate holding steady at 4.2%. ② Recent leading indicators have been weak, and multiple institutions anticipate that July’s nonfarm payrolls will fall short of expectations; the current pattern of “low hiring, low layoffs” is significantly impacting young job seekers. ③ If labor market weakness persists, the Federal Reserve’s policy trade-off calculus could shift later this year.
Nonfarm payrolls arrive tonight at 20:30! Wall Street forecasts diverge: 18,000 or 80,000? Markets brace for high volatility.
The U.S. nonfarm payrolls report for July is set to be released tonight, with Wall Street forecasts ranging widely from 18,000 to 83,000, signaling imminent market volatility. With the Federal Reserve's policy path still uncertain and risks of Japanese yen intervention looming, the cost of dollar options has quietly risen to a recent high, as investors brace for potential surprises.
Express News | Offshore renminbi strengthened by 6 pips against the U.S. dollar from Wednesday's New York close.
Express News | The offshore renminbi fell by 2 pips against the U.S. dollar compared to Tuesday's New York close.
After Trump threatened a 'fierce strike,' Iran stated that the Strait of Hormuz will not be opened immediately.
Iran stated that its talks with Oman concerned only coordination on vessel passage and were unrelated to the United States, adding that the reopening of the Strait of Hormuz still hinges on the U.S. rectifying its 'violations.' Earlier, Trump claimed the strait would be opened 'very soon,' warning that Iran would otherwise face 'fierce strikes.'
U.S. Treasury Secretary Backs Waller: No Need to Raise Rates Now; Reduced Forward Guidance Requires a 'Detox Period'!
① U.S. Treasury Secretary Bessent stated that interest rate hikes are unnecessary and defended Fed Chair Volcker, saying it was prudent for him to avoid offering forward guidance; ② Volcker did not outline a specific path to achieving the 2% inflation target, leading markets to question the credibility of his commitment, with rising long-term U.S. Treasury yields signaling diminished confidence in the Federal Reserve.
Express News | The offshore renminbi rose by 101 pips against the US dollar compared to Monday's New York close.
Express News | Offshore renminbi fell 57 pips against the U.S. dollar from last Friday's New York close.
U.S.-Japan Joint Intervention: A New 'Plaza Accord,' the Dawn of Bretton Woods II, and the End of the Yen Carry Trade Era
The United States and Japan have launched an unprecedented joint intervention in the foreign exchange market to support the yen, driving the yen’s exchange rate up sharply from a near 40-year low to 157.40 within two days. As Japan is forced to sell U.S. Treasury securities to defend its currency, and as major technology firms shift from being providers of savings to consumers of credit, the decades-old yen carry trade logic underpinning the global financial system is collapsing—ushering in a transformative realignment of the global macroeconomic architecture.
Express News | Offshore renminbi fell 44 pips against the US dollar from Thursday's New York close.
Express News | Offshore renminbi strengthened by 125 pips against the US dollar compared to Wednesday's New York close.
U.S. June PCE monthly rate unexpectedly turned negative! Q2 GDP growth slowed—but is there more than meets the eye?
On the surface, the annualized growth rate of U.S. GDP in the second quarter slowed to 1.5%, but the reality beneath is quite different. Additionally, the U.S. PCE price index recorded its first monthly decline since 2020 in June...
Express News | The offshore renminbi rose by 56 pips against the U.S. dollar compared to Tuesday's New York close.
The Federal Reserve's decision arrives tonight at 2:00 a.m.! Wall Street is closely watching these four key points...
① Will there be a rate hike tonight? ② How many votes will favor a rate hike? ③ How will the Fed’s statement be revised? ④ What will Waller say?
The most uncertain one in years! Will the Federal Reserve deliver a 'scare' at 2:00 a.m. tonight?
The Federal Reserve is highly likely to hold rates steady tonight, but this could be the most turbulent 'pause' in recent years. Money markets are pricing in a 32% probability of a rate hike, and UBS Group economists have explicitly stated that uncertainty is at its highest level in two decades. Internal hawkish divisions are widening, Kevin Warsh's policy stance remains enigmatic, and institutions such as Citadel have already taken clear positions betting on a surprise rate increase. JPMorgan estimates that if the Fed raises rates by 25 basis points, the S&P 500 could plunge by more than 2%—tonight, even 'no change' itself could trigger market turbulence.
Express News | Offshore renminbi fell 56 pips against the U.S. dollar from Monday's New York close.
Express News | Offshore renminbi strengthened by 63 pips against the U.S. dollar compared to Friday's New York close.
Bank of America: August Could Mark the Start of the 'Most Challenging Three Months' for U.S. Equities, Creating Opportunities for the U.S. Dollar and Gold
According to a Bank of America report, historical data indicates that August through October is historically the weakest period for U.S. equities, with the S&P 500 posting an average return close to zero; defensive assets such as the U.S. dollar, U.S. Treasuries, and gold typically perform strongly during this window, while energy assets may also gain strength against the broader market trend. Although the risk of a late-summer pullback intensifies, it is expected to pave the way for a robust rally beginning in November.