please contact sales@tanchin.hk for any inquiry
The following is a summary of the comments of FXTM Lukman Otunuga, global exchange broker.
The renminbi rose against the US dollar, and many other emerging market currencies also rose against the US dollar. The strength of the renminbi against the dollar may have been due to Trump's criticism of the Federal Reserve for weakening the dollar, ignoring the central bank's ninth consecutive day of lowering the yuan's intermediate price.
Sponsor
The weakness of the dollar favors emerging market currencies, but we must be aware of the potential risks posed by a "risk aversion" environment against emerging market currencies and the tendency of the United States to continue to raise interest rates. Technically, if the dollar / Renminbi closes below 6.90 yuan a day, the exchange rate may fall by 6.86 yuan.
This week the US dollar performance is not very good, and the US dollar index may fall.
On the commodity market, the lack of market risk preference led to the collapse of WTICLc1 and Brent LCOc1 oil prices. Data released by the U.S. Energy Intelligence Agency (EIA) showed that U.S. crude oil inventories rose more than expected, WTI oil prices fell below $71.80, Brent oil price ratio close to $81.00. However, while risk aversion and increased supply may drive oil prices down, the decline is still limited by geopolitical risk factors. The looming U.S. sanctions against Iran and the decline in Venezuelan crude oil production have created uncertainty about the prospects for global supply, and oil prices are expected to rebound.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

HCB71944-C-T-P4S HCB71940-C-T-P4S HCB71938-C-T-P4S HCB71936-C-T-P4S HCB71934-C-T-P4S HCB71932-C-T-P4S HCB71930-C-T-P4S HCB71928-C-T-P4S HCB71926-C-T-P4S HCB71924-C-T-P4S HCB71922-C-T-P4S HCB71921-C-T-P4S HCB71920-C-T-P4S HCB71919-C-T-P4S HCB71918-C-T-P4S HCB71917-C-T-P4S HCB71916-C-T-P4S HCB71915-C-T-P4S HCB71914-C-T-P4S HCB71913-C-T-P4S