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2 Aug 2016

USD/CNY: Yuan drops for 2nd day as PBOC weakens fix

As Bloomberg reports, the yuan fell for the second straight session after China’s central bank weakened its daily reference rate amid a rebound in the dollar.

The People’s Bank of China (PBOC) lowered the fixing by 0.26% to 6.6451 against the greenback, halting a five-day increase of 0.9%. 

A Bloomberg replica of the trade-weighted CFETS RMB Index, which tracks the yuan against 13 currencies, declined 0.1%.

Aug 2, 2016

US manufacturing ISM expands for the fifth consecutive month - ANZ

Research Team at ANZ, notes that the US July manufacturing ISM eased to 52.6 vs 53.2 in June – slightly below expectations (53), but still the fifth m
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Aug 2, 2016

Australia: Residential building approvals drop again in June, but remain high - ANZ

Research Team at ANZ, notes that the Australia’s approvals for the construction of new homes fell again in June, unwinding earlier unexpected gains.
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