1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/CNY set up for another large fall - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Analysts at Westpac explained that the broad-based fall in USD should set up for another large fall in the USD/CNY fixing, from 6.4961 on Thursday.

    Key Quotes:

    "China Feb 70 city property prices are due at 12:30pm Syd/9:30am local. Tier 1 cities have been stronger than tier 2 and 3 cities.

    The US dollar index (DXY) fell further during the London morning to a five-month low, steadying somewhat after the strong Philadelphia Fed business survey."
    For more information, read our latest forex news.
     

Share This Page