USD/CAD eyes exhaustion at 1.2830 as oil rebounds, BOC’s Macklem in focus
USD/CAD is displaying a sense of exhaustion after reaching elevated levels at 1.2830. Oil prices have
USD/CNH faces the next hurdle at 6.6300 – UOB
Further upside momentum could encourage USD/CNH to test the 6.6300 region in the near term,
Morgan Stanley slashes its China 2022 GDP growth forecast to 4.2%
Analysts at Morgan Stanley revised down China’s 2022 GDP growth forecast to 4.2%, in line
USD/CAD recovers early lost ground, flat-lined just below mid-1.2700s
USD/CAD attracted some dip-buying on Tuesday and was supported by a combination of factors. Weaker
Gold Price Forecast: XAUUSD succumbs to a weakening yuan – TDS
Gold Price remains on slippery slopes. Coronavirus-related lockdowns in China are set to continue weighing
USD/CNY could reach the 6.70 level if PBoC triggers further rate cuts – SocGen
The People’s Bank of China (PBoC) appears reluctant to trigger further headline policy rate cuts.
China: Economic results moderated in March – UOB
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest set of results in
China’s GDP expands 4.8% YoY in Q1 2022 vs. 4.4% expected, AUD/USD uninspired
China's annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0%
AUD/USD plunges to near 0.7350 on a slump in China’s Retail Sales
AUD/USD has slipped sharply below 0.7400 on poor Retail Sales data from China. The 10-year
China’s NBS: Economic operations still within reasonable range in Q1
Following the release of the March activity numbers, China’s National Bureau of Statistics (NBS) released a statement,