Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

CHINA YUAN
CHINA YUAN: Late Friday Goldman Sachs wrote that "developments in trade talks
between the US and China have been trending somewhat more constructively. In
particular, comments following the recent meeting between US and Chinese trade
representatives were particularly encouraging. While talks can still falter and
a deal that rolls back existing tariffs and removes trade uncertainty feels like
a high bar, the risk of another escalation in tariffs looks to have declined
(along with US stock prices). Consequently, an extended pause now feels like the
most likely outcome and reflecting this, we are moving our Renminbi forecasts
stronger. Taking into account a weaker USD and a possible pickup in Chinese
activity, we see USD/CNY at 6.80, 6.80 and 6.70 in 3, 6 and 12 months (vs 6.95,
7.10 and 6.90 previously)."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com