CNY/USD Fundamental Outlook at 1500 GMT (EST + 0500)

CNY/USD Fundamental Outlook at 1500 GMT (EST + 0500)

  @ibtimes on

The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the Â¥96.00 figure and was capped around the Â¥97.15 level. Minutes from Bank of Japan Policy Board€™s meeting on 20-21 May were released overnight and they revealed the possibility of a shift in BoJ policy toward the end of the next quarter. Policymakers indicated €œwhether to keep buying corporate debt from banks and providing them with unlimited loans after 30 Sept €œshould be determined based on close examination of developments in financial markets and corporate financing.€ BoJ Governor Shirakawa said the central bank€™s policy should be €œin a predictable manner to market participants€ Last month, the central bank raised its assessment of the economy for the first time since 2006. The Nikkei 225 stock index climbed 0.85% to close at Â¥9,786.26. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved higher vis-à-vis the yen as the single currency tested offers around the Â¥135.15 level and was supported around the Â¥134.05 level. The British pound moved higher vis-à-vis the yen as sterling tested offers around the Â¥159.60 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the Â¥89.45 level. In Chinese news, the U.S. dollar strenghtened vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8353 in the over-the-counter market, up from CNY 6.8337.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video