Far more to Renminbi than USD/CNY cross

Far more to Renminbi than USD/CNY cross

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The prevailing market view, as depicted in a recent Reuters article, is seemingly that Chinese policy makers are happy to allow further Renminbi appreciation versus the Dollar driven by a...
Far more to Renminbi than USD/CNY cross

Time is priceless but has a steep cost

Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research While some countries, including Sweden and United states, have eschewed national lockdowns over the past nine months or so the vast majority have adopted unprecedented measures to deal with a once...
Far more to Renminbi than USD/CNY cross

US Dollar – Calm before the storm?

Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research The Dollar has treaded water in the past three months, in line with our benign view that “forecasts of the Dollar’s demise as the world’s number one reserve currency are at best extremely...
Far more to Renminbi than USD/CNY cross

PBOC likely to keep Renminbi on tight leash

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Only four currencies have appreciated by more than 4% versus US Dollar since end-July: the high-yielding South African Rand (4.6%) and Mexican Peso (5.8%), the Chinese Renminbi (4.4%) and...
Far more to Renminbi than USD/CNY cross

UK & Sterling facing potential quadruple whammy

Fixed Income Research & Macro Strategy (FIRMS) – From 4X Global Research Sterling has enjoyed a strong, if bumpy ride, since late-June. It has been the second strongest major currency against the US Dollar and appreciated 3.7% in NEER term, thanks in part to a...
Far more to Renminbi than USD/CNY cross

Warnings about US economy and USD overblown

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some perspective is required. The US GDP contracted...

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