Deliverable Instrument – Copt Heath Wharf http://coptheathwharf.co.uk/ Wed, 09 Jun 2021 06:16:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://coptheathwharf.co.uk/wp-content/uploads/2021/03/cropped-coptheathwraf-32x32.png Deliverable Instrument – Copt Heath Wharf http://coptheathwharf.co.uk/ 32 32 Yuan Rises in Restricted Trade, Market Awaits US Inflation Data https://coptheathwharf.co.uk/yuan-rises-in-restricted-trade-market-awaits-us-inflation-data/ https://coptheathwharf.co.uk/yuan-rises-in-restricted-trade-market-awaits-us-inflation-data/#respond Wed, 09 Jun 2021 05:10:04 +0000 https://coptheathwharf.co.uk/yuan-rises-in-restricted-trade-market-awaits-us-inflation-data/ SHANGHAI, June 9 (Reuters) – The Chinese yuan strengthened against the dollar in restricted trade on Wednesday, with the market focusing on the upcoming US inflation data for clues as to when the Federal Reserve may begin to reduce its monetary stimulus. FRX / Traders said the spot yuan continued to hover around the 6.4 […]]]>

SHANGHAI, June 9 (Reuters)The Chinese yuan strengthened against the dollar in restricted trade on Wednesday, with the market focusing on the upcoming US inflation data for clues as to when the Federal Reserve may begin to reduce its monetary stimulus. FRX /

Traders said the spot yuan continued to hover around the 6.4 per dollar level, with many investors taking a “wait-and-see” approach ahead of Thursday’s US inflation data and European Central Bank meeting (BCE).

In the spot market, the onshore yuan CNY = CFXS opened at 6.3975 to the dollar and changed hands at 6.3949 by noon, 61 pips firmer than the close of the previous session.

The spot yuan has remained in a narrow range of around 50 pips, while the volume of trade CNYSPTVOL = CFXT fell to $ 12.17 billion by noon, from normal volume of around $ 15 billion in the half-day.

Before the market opened, the People’s Bank of China (PBOC) set the median rate CNY = PBOC at 6.3956 per dollar, 47 pips lower than the previous patch of 6.3909.

The market barely reacted to the Producer Price Index (PPI) data showing that China’s ex-factory prices rose at their fastest annual pace in more than 12 years in May.

“The recent appreciation of the RMB has done little to contain the surge in commodity prices as well as the PPI,” said Ken Cheung, chief Asian currency strategist at Mizuho Bank in Hong Kong.

“After all, it appears that the pass-through of the higher PPI to CPI inflation has been rather moderate and gradual … Domestically, the PBOC should not have to urgently tighten its policy. rate hike cycle for now, given the still benign CPI inflation below the annual target of around 3%. “

Elsewhere, the head of the Russian financial markets lobby group said this week that Russia could issue OFZ government bonds denominated in Chinese yuan within two years.

At noon, the world dollar index = USD fell to 90.085 from the previous close of 90.127, while the offshore yuan CNH = D3 was trading at 6.3942 to the dollar.

The yuan market at 0402 GMT:

PLACE ON LAND:

Item

Current

Previous

Switch

Midpoint of PBOC CNY = SAEC

6.3956

6.3909

-0.07%

Yuan spot CNY = CFXS

6.3949

6.401

0.10%

Divergence from midpoint *

-0.01%

Cash change for the current year

2.09%

Spot change since 2005 revaluation

29.42%

Key indexes:

Item

Current

Previous

Switch

Thomson Reuters / HKEX CNH Index

97.71

97.82

-0.1

Dollar index

90,085

90,127

0.0

* Divergence in dollar / yuan exchange rate. A negative number indicates that the spot yuan is trading stronger than the midpoint. The People’s Bank of China (PBOC) allows the exchange rate to rise or fall 2% from the official median rate it sets each morning.

CNH OFFSHORE MARKET

Instrument

Current

Difference with onshore

Cash yuan off CNH = *

6.3942

0.01%

Offshore not deliverable in the future CNY1YNDFOR = **

6.551

-2.37%

* Premium for the offshore spot on onshore CNY = CFXS

** The figure reflects the difference from the official midpoint of the PBOC, as undeliverable futures are settled relative to the midpoint. CNY = SAEC.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Simon Cameron-Moore)

((winni.zhou@thomsonreuters.com; +86 21 2083 0100; Reuters messaging: winni.zhou.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Stronger midpoint pushes Chinese yuan higher ahead of US inflation data https://coptheathwharf.co.uk/stronger-midpoint-pushes-chinese-yuan-higher-ahead-of-us-inflation-data/ https://coptheathwharf.co.uk/stronger-midpoint-pushes-chinese-yuan-higher-ahead-of-us-inflation-data/#respond Tue, 08 Jun 2021 04:36:28 +0000 https://coptheathwharf.co.uk/stronger-midpoint-pushes-chinese-yuan-higher-ahead-of-us-inflation-data/ As the yuan closely follows movements in the dollar index, investors await U.S. consumer price data on Thursday for more clues to the direction of Federal Reserve policy. “The yuan will likely stay within a range for the short term. The effect of buying dollars for dividend payments might not be as clear as expected,” […]]]>

As the yuan closely follows movements in the dollar index, investors await U.S. consumer price data on Thursday for more clues to the direction of Federal Reserve policy.

“The yuan will likely stay within a range for the short term. The effect of buying dollars for dividend payments might not be as clear as expected,” a trader at a foreign bank said, adding that he also monitored developments in US-China relations.

Last week’s order by US President Joe Biden banning US investment in certain Chinese companies is broader than a similar order signed by his predecessor Donald Trump and has a lower bar, making it easier to add later companies.

Ahead of the market opening, the People’s Bank of China (PBOC) set the yuan’s daily midpoint at 6.3909 per dollar, firmer than the previous patch of 6.3963.

The spot yuan opened at 6.3907 to the dollar and reduced its lead to change hands at 6.3919 by noon, 45 pips above Monday’s trading close.

As the yuan remained on the stronger side of the psychologically important 6.4 per dollar level, analysts said expectations of a strong appreciation eased after a series of official warnings against betting at. one way on the currency. The PBOC also raised the reserve requirement ratio on foreign currency deposits for the first time in 14 years last week.

The offshore yuan was slightly weaker, trading at 6.3894 per dollar from a close of 6.3851 on Monday, as the global dollar index rose to 90.069 from the previous close of 89.988.

“Actions by the central bank have proven to be effective in removing one-way RMB appreciation bias,” said Ken Cheung, chief Asian currency strategist at Mizuho Bank in Hong Kong.

“The weaker Chinese export figure justified (the) PBOC’s concern about the negative impact of the overall strength of the RMB on Chinese exports. The release of the Chinese CPI and PPI figures … will show the effect of the RMB appreciation on the reduction of imported inflation. “

Rising demand for raw materials pushed Chinese import growth to its fastest pace in 10 years in May, although export growth slowed more than expected as COVID-19 cases disrupted major ports.

China is due to release consumer and producer price index figures for May on Wednesday.

The yuan market at 0401 GMT:

PLACE ON LAND:

Item Current previous change

PBOC midpoint 6.3909 6.3963 0.08%

Spot Yuan 6.3919 6.3964 0.07%

0.02% divergence

middle*

Spot change YTD 2.13%

One-off change since 2005 29.48%

revaluation

Key indexes:

Item Current previous change

Thomson 97.8 97.81 0.0

Reuters / HKEX

CNH index

Dollar index 90.069 89.988 0.1

* Divergence in dollar / yuan exchange rate. A negative number indicates that the spot yuan is trading stronger than the midpoint. The People’s Bank of China (PBOC) allows the exchange rate to rise or fall 2% from the official median rate it sets each morning.

CNH OFFSHORE MARKET

Instrument current difference

down

Offshore Spot Yuan * 6.3894 0.04%

Offshore 6.5455 -2.36%

not deliverable

before **

* Premium for the offshore spot on onshore

** The figure reflects the difference from the official midpoint of the PBOC, as undeliverable futures are settled relative to the midpoint.

(Reporting by Andrew Galbraith; Additional reporting by Xiao Han in Beijing; Editing by Jacqueline Wong)

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Beijing jaw puts yuan on track for biggest weekly loss in four months https://coptheathwharf.co.uk/beijing-jaw-puts-yuan-on-track-for-biggest-weekly-loss-in-four-months/ https://coptheathwharf.co.uk/beijing-jaw-puts-yuan-on-track-for-biggest-weekly-loss-in-four-months/#respond Fri, 04 Jun 2021 05:35:00 +0000 https://coptheathwharf.co.uk/beijing-jaw-puts-yuan-on-track-for-biggest-weekly-loss-in-four-months/ SHANGHAI, June 4 (Reuters) - China's yuan barely moved against the dollar on Friday but was set for its biggest weekly loss in at least four months following a string of official warnings against one-way bets on yuan appreciation. A robust U.S. dollar also weighed on the local currency after stronger-than-expected U.S. jobs data reinforced […]]]>
    SHANGHAI, June 4 (Reuters) - China's yuan barely moved
against the dollar on Friday but was set for its biggest weekly
loss in at least four months following a string of official
warnings against one-way bets on yuan appreciation.
    A robust U.S. dollar also weighed on the local currency
after stronger-than-expected U.S. jobs data reinforced investor
expectations that the world's largest economy is recovering at a
healthy clip. 
    "There are some signs of a dollar rebound, and if the dollar
index bounces then the dollar/CNY will follow," said a trader at
a foreign bank. "Yuan bulls and bears have both taken a beating,
but we'll see who dares not listen to the PBOC."
    Analysts and traders said a clearer direction for the dollar
index and the yuan will likely come after the U.S. nonfarm
payrolls report for May, due on Friday, which could set the tone
at the Federal Reserve meeting this month.
    The yuan has weakened more than 0.5% versus the dollar this
week, on course for its biggest weekly loss since at least early
February, as Beijing has mounted a coordinated effort to talk
down expectations of a stronger yuan. A flurry of official
statements have warned against bets on one-sided moves in the
currency.
    Regulators have also taken steps to stem the yuan's rise.
    The People's Bank of China (PBOC) employed a little-used
measure to direct financial institutions to hold more foreign
exchange in reserve, and the State Administration of Foreign
Exchange granted fresh outbound investment quotas in what was
seen as a signal of the many tools available to curb rapid
appreciation.
    On Friday, the PBOC set the midpoint of the yuan's daily
trading band at 6.4072, its weakest since May 26 and
softer than expected.
    Spot yuan opened at 6.4060 per dollar and wavered
between small gains and losses on the day. By midday, it was
changing hands at 6.4035, just 5 pips stronger than Thursday's
late session close. 
    The offshore yuan was almost steady at 6.4002 per
dollar, from a close of 6.4000 on Thursday. The global dollar
index rose to 90.567 from the previous close of 90.479.
    Analysts say the yuan could face some headwinds in the near
term as attempts to rein in the recent rally bite, and as
China's uneven recovery continues.
    "CNYUSD started to depreciate marginally in response to
(China's) measures at the start of this week ... As well,
concerns are rising again over macro recovery strength given the
flat May Manufacturing PMI, particularly the weak new export
orders reading," analysts at Morgan Stanley said in a note.
    Bullish bets on the yuan nevertheless remain high amid
strong foreign demand for yuan-denominated assets.
    Russia on Thursday said it would ditch all U.S. dollar
assets in its National Wealth Fund (NWF) and increase holdings
in euros, Chinese yuan and gold.


    The yuan market at 4:08AM GMT: 
    
    ONSHORE SPOT:
 Item               Current  Previous  Change
 PBOC midpoint      6.4072   6.3811    -0.41%
                                       
 Spot yuan          6.4035   6.404     0.01%
                                       
 Divergence from    -0.06%             
 midpoint*                             
 Spot change YTD                       1.95%
 Spot change since 2005                29.25%
 revaluation                           
 
    Key indexes:
     
 Item            Current     Previous  Change
                                       
 Thomson         98.03       97.83     0.2
 Reuters/HKEX                          
 CNH index                             
 Dollar index    90.567      90.479    0.1
 
    
    
*Divergence of the dollar/yuan exchange rate. Negative number
indicates that spot yuan is trading stronger than the midpoint.
The People's Bank of China (PBOC) allows the exchange rate to
rise or fall 2% from official midpoint rate it sets each
morning.

    OFFSHORE CNH MARKET   
  
 Instrument            Current   Difference
                                 from onshore
 Offshore spot yuan    6.4002    0.05%
        *                        
 Offshore              6.5546    -2.25%
 non-deliverable                 
 forwards                        
               **                
 
*Premium for offshore spot over onshore
**Figure reflects difference from PBOC's official midpoint,
since non-deliverable forwards are settled against the midpoint.
. 
    
    

 (Reporting by Andrew Galbraith
Editing by Shri Navaratnam)
  
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The number of COVID-19 tests is dropping in Nova Scotia. Here’s why getting tested is still important even if you’ve received the vaccine. https://coptheathwharf.co.uk/the-number-of-covid-19-tests-is-dropping-in-nova-scotia-heres-why-getting-tested-is-still-important-even-if-youve-received-the-vaccine/ https://coptheathwharf.co.uk/the-number-of-covid-19-tests-is-dropping-in-nova-scotia-heres-why-getting-tested-is-still-important-even-if-youve-received-the-vaccine/#respond Wed, 02 Jun 2021 09:48:19 +0000 https://coptheathwharf.co.uk/the-number-of-covid-19-tests-is-dropping-in-nova-scotia-heres-why-getting-tested-is-still-important-even-if-youve-received-the-vaccine/ Wave 3 in Nova Scotia appears to be slowing as the number of cases and hospitalizations decline. Many Nova Scotians might breathe a sigh of relief now that restrictions are slowly lifted and vaccine rollout is ahead of schedule, but infectious disease expert Dr Lisa Barrett has said we can’t yet relax. With the number […]]]>

Wave 3 in Nova Scotia appears to be slowing as the number of cases and hospitalizations decline.

Many Nova Scotians might breathe a sigh of relief now that restrictions are slowly lifted and vaccine rollout is ahead of schedule, but infectious disease expert Dr Lisa Barrett has said we can’t yet relax.

With the number of tests declining in the province, there could be cases of COVID-19 that we are not detecting early enough to stop the spread of the virus.

“I think when people see the number of cases going down, they also think the virus is gone,” she said.

“And I think people forget that there are low levels of the virus that can get really big really quickly, just like what led to the third wave.”

People are “tired”

Just over a week ago, the Nova Scotia Health Laboratories were performing no less than 7,000 tests almost every day. Laboratories significantly increased their capacity during Wave 3 to process between 10,000 and 15,000 tests per day. For many days, they exceeded this capacity.

The number of tests processed since the start of the pandemic peaked at 19,305 tests on May 3.

Infectious disease expert Dr Lisa Barrett said people should continue to get tested regularly for COVID-19 even if they have received a dose of the vaccine. -contributed

Things have changed since the May long weekend. Over the past 10 days, labs have processed about 4,500 tests per day on average.

The use of rapid tests, which was brought back after it was suspended during the height of Wave 3, also plummeted.

“I think the main thing is that people are a little tired. I think they would like to end COVID in some cases, ”Barrett said.

She added that the decreasing numbers are something she is watching, especially that around 20-30% of people have no symptoms or have unrecognized symptoms.

“The only way for us to really and fully know where this virus is in our province is to test for both people with symptoms and people without symptoms,” she said.

Vaccines alone are not enough

The decline in the number of tests coincides with more people receiving their first or second dose of the COVID-19 vaccine.

Between May 20 and June 1, 105,442 doses were administered.

Barrett said some people might feel like if they get the vaccine they can’t get infected, but that’s not true.

Medical laboratory technologist Fred Li monitors the operation of the Cobas 6800 instrument used in COVID-19 tests at the microbiology laboratory at QEII Health Sciences Center in Halifax.  The lab can process 10,000 to 15,000 tests per day.  - Communications Nova Scotia
Medical laboratory technologist Fred Li monitors the operation of the Cobas 6800 instrument used in COVID-19 tests at the microbiology laboratory at QEII Health Sciences Center in Halifax. The lab can process 10,000 to 15,000 tests per day. – Communications Nova Scotia

While serious illnesses, hospitalizations and deaths from COVID-19 are dramatically reduced after the first dose, the second injection is needed to achieve enhanced protection against variants and further reduce the risk of infection, he said. she declared.

“Your immune system has, say, a high school education about the virus after the first shot, and it needs that second shot to really make that higher level education really work and to keep that immune response efficient. “

Chief Medical Officer of Health Dr Robert Strang previously said the province has identified a number of cases where people have tested positive after receiving the vaccine. He said on Monday that the province was working on collecting the data for public presentation later this week.

As the risk of infection is still present for people who have been vaccinated, we should continue to get tested regularly.

The vaccine’s ability to reduce the chances of severe symptoms developing also means that more people could contract COVID-19 without having any symptoms.

“Therefore, testing during the first dose-only phase of the pandemic is still exceptionally important if we are to completely suppress this virus and prevent it from mutating in our own province. “

People line up for a COVID-19 rapid test at the Halifax Public Library's central branch on Monday, March 1, 2021. Barrett said getting tested should become a weekly habit.  - Tim Krochak
People line up for a COVID-19 rapid test at the Halifax Public Library’s central branch on Monday, March 1, 2021. Barrett said getting tested should become a weekly habit. – Tim Krochak

Home tests soon

Barrett said she suggests people make testing a weekly habit.

She added that she hopes Nova Scotians can get tested in the comfort of their own homes soon.

“Right now, Health Canada is considering allowing some home tests that would be packaged and deliverable to people,” she said.

While these tests aren’t as sensitive as a PCR or rapid test, they can detect many positive cases, Barrett said.

“They (are) also a lot easier for individuals and families to be able to do it at home rather than having to go out to do it, especially in the long term.”

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Deutsche (DB) warned by Fed to improve compliance procedures https://coptheathwharf.co.uk/deutsche-db-warned-by-fed-to-improve-compliance-procedures/ https://coptheathwharf.co.uk/deutsche-db-warned-by-fed-to-improve-compliance-procedures/#respond Tue, 01 Jun 2021 18:34:00 +0000 https://coptheathwharf.co.uk/deutsche-db-warned-by-fed-to-improve-compliance-procedures/ Deutsche Bank AG DB has been privately berated by the Federal Reserve for improving its anti-money laundering controls and other compliance procedures because the bank has consistently failed to heed multiple pacts with US regulators. The news was reported by Bloomberg. The advice came in an annual regulatory assessment indicating that Deutsche Bank had not […]]]>

Deutsche Bank AG DB has been privately berated by the Federal Reserve for improving its anti-money laundering controls and other compliance procedures because the bank has consistently failed to heed multiple pacts with US regulators. The news was reported by Bloomberg.

The advice came in an annual regulatory assessment indicating that Deutsche Bank had not improved its risk management practices despite confidential agreements with the central bank to work on these issues. German bank executives could face sanctions, including the prospect of a huge fine, according to a person briefed on the matter.

In the past, Deutsche Bank has had several clashes with US regulators, such as currency violations and money laundering cases. The German giant has also reported to the Fed on its risk management practices. He has previously been fined $ 41 million for suspicion of money laundering.

In February 2021, Deutsche Bank, along with three other foreign lenders, were penalized by Taiwan’s central bank in a money speculation case. Taiwan’s central bank issued a statement banning Deutsche Bank’s Taipei branch from trading in both deliverable and undeliverable futures contracts in Taiwan dollars. He further suspended the bank for two years from trading in FX derivatives.

Additionally, in January, Malaysian companies 1Malaysia Development Bhd. and SRC International SdnBhd have filed lawsuits against Deutsche Bank and JPMorgan to recover assets worth more than $ 23 billion. The lawsuit is linked to a scandal involving embezzlement worth $ 4.5 billion, from 1MDB by senior fund officials and their colleagues from 2009 to 2014.

Our opinion

While Deutsche Bank’s cost containment efforts and strategic initiatives are likely to support finances in the quarters to come, litigation issues due to the bank’s past malpractice are a major concern. These could lead to higher legal costs in the future, thus hurting its bottom line.

Over the past six months, the company’s shares have gained 30.3%, surpassing the 22.2% growth recorded by the industry to which it belongs.

Image source: Zacks Investment Research

Currently, Deutsche Bank carries a Zacks Rank # 3 (Hold). You can see The full list of current Zacks # 1 Rank (Strong Buy) stocks here.

Several banks continue to be the subject of criminal investigations and are charged with huge sums of money for malpractice. This can, Bank of America LAC agreed to pay a fine of $ 75 million in order to settle an investigation into the excessive fees.

Last December, Mr. Cooper Group Inc. COOP was fined $ 28.6 million to settle legal inquiries with the Consumer Financial Protection Bureau regarding certain inappropriate loan service practices committed between 2010 and 2015.

In November 2020, the major of Wall Street JP Morgan JPM was fined $ 250 million for poor risk management and internal controls over fiduciary activity.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Yuan stabilizes after new currency requirements, corp clients said to hedge https://coptheathwharf.co.uk/yuan-stabilizes-after-new-currency-requirements-corp-clients-said-to-hedge/ https://coptheathwharf.co.uk/yuan-stabilizes-after-new-currency-requirements-corp-clients-said-to-hedge/#respond Tue, 01 Jun 2021 05:08:00 +0000 https://coptheathwharf.co.uk/yuan-stabilizes-after-new-currency-requirements-corp-clients-said-to-hedge/ SHANGHAI, June 1 (Reuters) - China's yuan clawed back earlier losses on Tuesday taken after authorities ordered banks to increase their foreign exchange holdings, although investors are wary of further moves by policymakers to rein in a rising currency. The People's Bank of China (PBOC) said on Monday it would raise the FX reserve requirement […]]]>
    SHANGHAI, June 1 (Reuters) - China's yuan clawed back
earlier losses on Tuesday taken after authorities ordered banks
to increase their foreign exchange holdings, although investors
are wary of further moves by policymakers to rein in a rising
currency.
    The People's Bank of China (PBOC) said on Monday it would
raise the FX reserve requirement ratio for financial
institutions to 7% from 5%, from June 15, its first such move in
14 years.
    While the shift was widely seen aimed at reining in fast
yuan appreciation, analysts said it would have very limited
impact on the currency, amounting to a withdrawal of just $20
billion of long-term dollar liquidity from the banking system,
compared with deposits of $1 trillion.
    Prior to the central bank's move on Monday, the yuan had hit
a three-year high against the dollar.
    "It is certainly not a game changer," said Tommy Xie, head
of Greater China research at OCBC Bank in Singapore. 
    "However, we think the announcement sent a signal to the
markets that there are enough tools in central bank's toolbox to
curb RMB's one-way movement expectation even though the PBOC has
exited the direct intervention."
    Prior to market opening, the PBOC set the midpoint rate
 at a new three-year high of 6.3572 per dollar, 110
pips or 0.17% firmer than the previous fix of 6.3682. 
    The onshore spot yuan opened at 6.3660 per dollar
and was changing hands at 6.3705 at midday, 5 pips firmer than
the previous late session close.
    Despite a slight rebound, the spot market traded in a thin
range of less than 100 pips on Tuesday morning, as investors
were wary of additional policy moves if the local unit
strengthened at a rapid pace again, said a trader at a foreign
bank.
    "While this policy will lock in a certain amount of capital
inflow and make foreign exchange funding costs higher, its
effectiveness remains in doubt," Citi analysts said in a note.
"We think the fundamental factors supporting a strong RMB have
not changed."
    Similarly, Xing Zhaopeng, senior China strategist at ANZ in
Shanghai, said the move should only "slow the pace of yuan
appreciation" while expecting 6.3 as the ceiling for the yuan
this year.
    Against the backdrop of recent higher volatility in the
Chinese yuan, several banking sources said they had been advised
by the FX regulator to guide their corporate clients to hedge FX
exposures, despite cost of hedging climbing higher.
    One-year dollar/yuan swap, a gauge that measure
the cost of FX hedging onshore, stood at around 1,535 pips and
implied a yield of 2.45%, which is higher than the average
onshore interbank repo rate, analysts at HSBC said in a note.
    "There is room for this to fall, in our view. Once FX swap
points fall to a level that is less costly for importers and
other hedgers, we could see more USD demand in the forwards
space," they added.
    
    The yuan market at 0403 GMT: 
    
    ONSHORE SPOT:
 Item               Current  Previous  Change
 PBOC midpoint      6.3572   6.3682    0.17%
                                       
 Spot yuan          6.3705   6.371     0.01%
                                       
 Divergence from    0.21%              
 midpoint*                             
 Spot change YTD                       2.48%
 Spot change since 2005                29.92%
 revaluation                           
 
    Key indexes:
     
 Item            Current     Previous  Change
                                       
 Thomson         97.97       98.28     -0.3
 Reuters/HKEX                          
 CNH index                             
 Dollar index    89.782      89.791    0.0
 
    
    
*Divergence of the dollar/yuan exchange rate. Negative number
indicates that spot yuan is trading stronger than the midpoint.
The People's Bank of China (PBOC) allows the exchange rate to
rise or fall 2% from official midpoint rate it sets each
morning.

    OFFSHORE CNH MARKET   
  
 Instrument            Current   Difference
                                 from onshore
 Offshore spot yuan    6.37      0.01%
        *                        
 Offshore              6.5358    -2.73%
 non-deliverable                 
 forwards                        
               **                
 
*Premium for offshore spot over onshore
**Figure reflects difference from PBOC's official midpoint,
since non-deliverable forwards are settled against the midpoint.
. 


 (Reporting by Winni Zhou and Andrew Galbraith; Editing by Sam
Holmes)
  
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The Ion Chromatography Market Is Expected To Grow At A Healthy CAGR During The Forecast Period 2021-2027 https://coptheathwharf.co.uk/the-ion-chromatography-market-is-expected-to-grow-at-a-healthy-cagr-during-the-forecast-period-2021-2027/ https://coptheathwharf.co.uk/the-ion-chromatography-market-is-expected-to-grow-at-a-healthy-cagr-during-the-forecast-period-2021-2027/#respond Mon, 31 May 2021 10:43:27 +0000 https://coptheathwharf.co.uk/the-ion-chromatography-market-is-expected-to-grow-at-a-healthy-cagr-during-the-forecast-period-2021-2027/ Stratagem market overview recently published a market research report titled, “Ion Chromatography Market Size, Status and Forecast 2021-2027”. The research study is a good resource to have for learning about the latest developments and future advancements in the global Ion Chromatography market. The authors of the report used the best primary and secondary research methodologies […]]]>

Stratagem market overview recently published a market research report titled, “Ion Chromatography Market Size, Status and Forecast 2021-2027”. The research study is a good resource to have for learning about the latest developments and future advancements in the global Ion Chromatography market. The authors of the report used the best primary and secondary research methodologies and tools to collect, verify and revalidate data and information related to the global Ion Chromatography market. Global, regional, segmental and other market figures such as revenue, volume, CAGR and market share provided in the report can be easily trusted because of their high level of accuracy and authenticity.

It is a phenomenal compilation of important studies that explore the ccompetitive landscape, segmentation, geographic expansion and growth in revenue, production and consumption of the ion chromatography market. It particularly highlights market fluctuations, price structure, uncertainties, potential risks and growth prospects to help players plan effective strategies for success in the ion chromatography market.

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Covid19 coverage:

Global Ion Chromatography Market Report Offers The Effect Of Covid-19. In addition, it gives a comprehensive analysis of the features that will experience the market growth before and after Covid-19.

Covid-19 coverage includes the following:

‣ Impact of Covid-19 on the international economy.
‣ Uncertainties on share of demand and supply chain due to Covid-19.
‣ Comprehensive Covid-19 Business Development Perspective.

Highlights following the key factors:

Activity Descrition: A detailed description of the company’s operations and business divisions.
Business strategy: Summary by the analyst of the company’s commercial strategy.
SWOT analysis: A detailed analysis of the strengths, weaknesses, opportunities and threats of the company.
Company history: Progress of key events associated with the company.
Main products and services: A list of the main products, services and brands of the company.
Key Competitors: A list of the company’s main competitors.
Important sites and subsidiaries: A list and contact details of the main sites and subsidiaries of the company.
Detailed financial ratios for the last five years: The latest financial ratios from the annual financial statements published by the company with 5 years of history.

Important Features of the Global Ion Chromatography Market Report:

1) What are all the companies currently featured in the report?

List of players currently profiled in the report- Metrohm, Qingdao Shenghan, Tosoh Bioscience, Shimadzu, Qingdao Ion Chromate Tograph, MembraPure, Mitsubishi Chemical Analytech, Qingdao Puren Instrument, East & West Analytical Instruments, Qingdao Luhai

>> The list of companies mentioned may vary in the final report subject to name change / merger, etc.

2) What did all the regional segmentation cover? Can a country of specific interest be added?

Currently, the research report pays special attention and focuses on the following regions:

‣ North America (United States, Canada)
Europe (UK, Germany, France and rest of Europe)
Asia Pacific (China, Japan, India, rest of APAC)
Latin America (Mexico, Brazil and rest of Los Angeles)
Middle East and Africa (GCC countries, South Africa and rest of MEA)

>> A country of specific interest can be included at no additional cost. For inclusion of more regional segments, quotes may vary.

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Yes, inclusion of further segmentation / market breakdown is possible subject to data availability and survey difficulty. However, a detailed requirement should be shared with our research before giving final confirmation to the client.

>> Depending on the needs, the delivery time and the estimate will vary.

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To finish, The Ion Chromatography Market report is the credible entry point to acquire a statistical market that will exponentially grow your business. The report gives the baseline area, monetary circumstances with market ion chromatography market product value, advantage, limit, generation, supply, demand, rate and market improvement figure , etc. The Ion Chromatography Market report additionally features another SWOT assessment, theory feasibility review, and risk feedback investigation.

The final report will add the analysis of the impact of Covid-19 on this industry

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Stratagem market overview is a management consulting organization providing market information and consulting services around the world. We bring the expertise of consultants with a cumulative experience of over 70 years in the industry. The company has provided quantified B2B research and is currently serving more than 350 clients worldwide. Our team includes analysts who leverage their years of experience and expertise to create accurate and error-free reports.

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Yuan set for best week since November, regulators report concerns over one-way betting https://coptheathwharf.co.uk/yuan-set-for-best-week-since-november-regulators-report-concerns-over-one-way-betting/ https://coptheathwharf.co.uk/yuan-set-for-best-week-since-november-regulators-report-concerns-over-one-way-betting/#respond Fri, 28 May 2021 05:01:00 +0000 https://coptheathwharf.co.uk/yuan-set-for-best-week-since-november-regulators-report-concerns-over-one-way-betting/ SHANGHAI, May 28 (Reuters) - China's yuan extended gains against the dollar on Friday and looked set for its best weekly performance since November, but the pace of the rally slowed after regulators signaled some concerns over strong one-way bets on the currency. Prior to the market opening, the People's Bank of China (PBOC) set […]]]>
    SHANGHAI, May 28 (Reuters) - China's yuan extended gains
against the dollar on Friday and looked set for its best weekly
performance since November, but the pace of the rally slowed
after regulators signaled some concerns over strong one-way bets
on the currency.
    Prior to the market opening, the People's Bank of China
(PBOC) set the midpoint rate at 6.3858 per dollar,
firmer than the previous fix of 6.403. 
    Friday's official guidance rate was the strongest since May
2018 and set above the psychologically important 6.4 per dollar
level. Traders and analysts saw the move as a nod from the
authorities that they would allow spot yuan to trade between the
6.3 and 6.4 levels for the time being.
   In the spot market, onshore yuan opened at 6.3839
per dollar and was changing hands at 6.3705 at midday, 135 pips
firmer than the previous late session close and putting it on
track for a sixth straight day of gains.
    "The imminent RMB appreciation risk may drive more RMB
buying flow and push the USD/RMB lower in the near term, while
the downside of USD/RMB will be supported by the dividend flow
offered by Chinese corporate and the potential USD rebound due
to the Fed's hawkish shift," Ken Cheung, chief Asian FX
strategist at Mizuho Bank in Hong Kong, said in a note. 
    Traders said most investors still expect further strength in
the yuan, but its rally slowed in morning trade after regulators
warned against "one-way expectations" on the exchange rate.
    Chinese regulators said late on Thursday that they will
crack down on manipulation of the forex market while reiterating
no change to the country's currency policy. The remarks were the
second time in five days that officials commented on currency
policy.
    "The central bank is committed to a flexible exchange rate
and hence will not draw a line in the sand in both directions,"
said Wang Ju, senior FX strategist at HSBC in Hong Kong.
    "It aims for less exchange rate control over time, as the
capital account liberalises further, but there is still a
'basically stable' policy target under the current set-up," she
added, expecting more two-way volatility in the yuan this year.
    Alvin Tan, Asia FX strategist at Royal Bank of Canada in
Hong Kong, said Beijing may be "expected to continue leaning
against yuan strength", with such an investor outlook seen in a
rebound in options market.
    The global dollar index rose to 90.066 at midday from
the previous close of 90.012, while the offshore yuan
was trading at 6.364 per dollar. 

    The yuan market at 0402 GMT: 
    
    ONSHORE SPOT:
 Item               Current  Previous  Change
 PBOC midpoint      6.3858   6.403     0.27%
                                       
 Spot yuan          6.3705   6.384     0.21%
                                       
 Divergence from    -0.24%             
 midpoint*                             
 Spot change YTD                       2.48%
 Spot change since 2005                29.92%
 revaluation                           
 
    Key indexes:
     
 Item            Current     Previous  Change
                                       
 Thomson         98.22       98.11     0.1
 Reuters/HKEX                          
 CNH index                             
 Dollar index    90.066      90.012    0.1
 
    
    
*Divergence of the dollar/yuan exchange rate. Negative number
indicates that spot yuan is trading stronger than the midpoint.
The People's Bank of China (PBOC) allows the exchange rate to
rise or fall 2% from official midpoint rate it sets each
morning.

    OFFSHORE CNH MARKET   
  
 Instrument            Current   Difference
                                 from onshore
 Offshore spot yuan    6.364     0.10%
        *                        
 Offshore              6.5198    -2.06%
 non-deliverable                 
 forwards                        
               **                
 
*Premium for offshore spot over onshore
**Figure reflects difference from PBOC's official midpoint,
since non-deliverable forwards are settled against the midpoint.
. 

 (Reporting by Winni Zhou and Andrew Galbraith; Editing by Kim
Coghill)
  
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Yuan moves to new 3-year high as PBOC, but shows no discomfort over recent gains https://coptheathwharf.co.uk/yuan-moves-to-new-3-year-high-as-pboc-but-shows-no-discomfort-over-recent-gains/ https://coptheathwharf.co.uk/yuan-moves-to-new-3-year-high-as-pboc-but-shows-no-discomfort-over-recent-gains/#respond Thu, 27 May 2021 04:41:00 +0000 https://coptheathwharf.co.uk/yuan-moves-to-new-3-year-high-as-pboc-but-shows-no-discomfort-over-recent-gains/ SHANGHAI, May 27 (Reuters) - China's yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on further strength in the Chinese unit after the Chinese central bank appeared not to show discomfort with recent gains. Before market opening, the People's Bank of China (PBOC) set the […]]]>
    SHANGHAI, May 27 (Reuters) - China's yuan advanced further
to a new three-year high against the dollar on Thursday, as
investors increased their bets on further strength in the
Chinese unit after the Chinese central bank appeared not to show
discomfort with recent gains.    
    Before market opening, the People's Bank of China (PBOC) set
the midpoint rate at 6.403 per dollar, 69 pips firmer
than the previous fix of 6.4099. 
    Traders and analysts said the market had been carefully
gauging the gap between their forecasts and the official
guidance rates after the yuan breached the psychologically
important 6.4 per dollar level this week to see whether the
central bank would start to rein in the currency's strength.
    If the midpoint was fixed on the weaker side of the market
consensus and showed huge forecast error, that could mean the
central bank was not happy with rapid gains this week to rise
across the key level, said a trader at a foreign bank.
    On Thursday, official fixing was 6 pips firmer than Reuters'
estimate of 6.4036.
    Absence of discomfort with yuan strength in the midpoint
fixing pushed the spot price higher. The onshore yuan
opened at 6.3935 per dollar and strengthened to a high of
6.3854, the strongest level since May 25, 2018. By midday, it
was changing hands at 6.3861, 54 pips firmer than the previous
late session close.
    "The biggest negative impact of yuan appreciation is to
reduce export competitiveness, but recovery of global supply is
still on the way," said Zhang Yu, chief analyst at Huachuang
Securities. "(Chinese) exports remain strong and bargaining
power is sufficient. The stronger yuan has not caused
significant damage to export competitiveness since the second
half of last year."
    Several traders said bullish bets on the yuan quickly grew,
as seen in the options market. One-month risk reversals for the
dollar against the yuan onshore, a gauge that
measures the premium paid for calls over puts, plunged to -0.35
this week, the lowest since January. A negative reading
suggested rising bets over yuan appreciation than depreciation.
    At midday, the global dollar index fell to 90.037
from the previous close of 90.073, while the offshore yuan
 was trading at 6.3794 per dollar. 
    
    The yuan market at 0401 GMT: 
    
    ONSHORE SPOT:
 Item               Current  Previous  Change
 PBOC midpoint      6.403    6.4099    0.11%
                                       
 Spot yuan          6.3861   6.3915    0.08%
                                       
 Divergence from    -0.26%             
 midpoint*                             
 Spot change YTD                       2.23%
 Spot change since 2005                29.60%
 revaluation                           
 
    Key indexes:
     
 Item            Current     Previous  Change
                                       
 Thomson         98.05       97.75     0.3
 Reuters/HKEX                          
 CNH index                             
 Dollar index    90.037      90.073    0.0
 
    
    
*Divergence of the dollar/yuan exchange rate. Negative number
indicates that spot yuan is trading stronger than the midpoint.
The People's Bank of China (PBOC) allows the exchange rate to
rise or fall 2% from official midpoint rate it sets each
morning.

    OFFSHORE CNH MARKET   
  
 Instrument            Current   Difference
                                 from onshore
 Offshore spot yuan    6.3794    0.11%
        *                        
 Offshore              6.532     -1.97%
 non-deliverable                 
 forwards                        
               **                
 
*Premium for offshore spot over onshore
**Figure reflects difference from PBOC's official midpoint,
since non-deliverable forwards are settled against the midpoint.
. 

 (Reporting by Winni Zhou and Andrew Galbraith)
  
]]>
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Yuan hits new 3-year high as PBOC, but shows no discomfort with recent gains yet https://coptheathwharf.co.uk/yuan-hits-new-3-year-high-as-pboc-but-shows-no-discomfort-with-recent-gains-yet/ https://coptheathwharf.co.uk/yuan-hits-new-3-year-high-as-pboc-but-shows-no-discomfort-with-recent-gains-yet/#respond Thu, 27 May 2021 04:41:00 +0000 https://coptheathwharf.co.uk/yuan-hits-new-3-year-high-as-pboc-but-shows-no-discomfort-with-recent-gains-yet/ SHANGHAI, May 27 (Reuters) - China's yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on further strength in the Chinese unit after the Chinese central bank appeared not to show discomfort with recent gains. Before market opening, the People's Bank of China (PBOC) set the […]]]>
    SHANGHAI, May 27 (Reuters) - China's yuan advanced further
to a new three-year high against the dollar on Thursday, as
investors increased their bets on further strength in the
Chinese unit after the Chinese central bank appeared not to show
discomfort with recent gains.    
    Before market opening, the People's Bank of China (PBOC) set
the midpoint rate at 6.403 per dollar, 69 pips firmer
than the previous fix of 6.4099. 
    Traders and analysts said the market had been carefully
gauging the gap between their forecasts and the official
guidance rates after the yuan breached the psychologically
important 6.4 per dollar level this week to see whether the
central bank would start to rein in the currency's strength.
    If the midpoint was fixed on the weaker side of the market
consensus and showed huge forecast error, that could mean the
central bank was not happy with rapid gains this week to rise
across the key level, said a trader at a foreign bank.
    On Thursday, official fixing was 6 pips firmer than Reuters'
estimate of 6.4036.
    Absence of discomfort with yuan strength in the midpoint
fixing pushed the spot price higher. The onshore yuan
opened at 6.3935 per dollar and strengthened to a high of
6.3854, the strongest level since May 25, 2018. By midday, it
was changing hands at 6.3861, 54 pips firmer than the previous
late session close.
    "The biggest negative impact of yuan appreciation is to
reduce export competitiveness, but recovery of global supply is
still on the way," said Zhang Yu, chief analyst at Huachuang
Securities. "(Chinese) exports remain strong and bargaining
power is sufficient. The stronger yuan has not caused
significant damage to export competitiveness since the second
half of last year."
    Several traders said bullish bets on the yuan quickly grew,
as seen in the options market. One-month risk reversals for the
dollar against the yuan onshore, a gauge that
measures the premium paid for calls over puts, plunged to -0.35
this week, the lowest since January. A negative reading
suggested rising bets over yuan appreciation than depreciation.
    At midday, the global dollar index fell to 90.037
from the previous close of 90.073, while the offshore yuan
 was trading at 6.3794 per dollar. 
    
    The yuan market at 0401 GMT: 
    
    ONSHORE SPOT:
 Item               Current  Previous  Change
 PBOC midpoint      6.403    6.4099    0.11%
                                       
 Spot yuan          6.3861   6.3915    0.08%
                                       
 Divergence from    -0.26%             
 midpoint*                             
 Spot change YTD                       2.23%
 Spot change since 2005                29.60%
 revaluation                           
 
    Key indexes:
     
 Item            Current     Previous  Change
                                       
 Thomson         98.05       97.75     0.3
 Reuters/HKEX                          
 CNH index                             
 Dollar index    90.037      90.073    0.0
 
    
    
*Divergence of the dollar/yuan exchange rate. Negative number
indicates that spot yuan is trading stronger than the midpoint.
The People's Bank of China (PBOC) allows the exchange rate to
rise or fall 2% from official midpoint rate it sets each
morning.

    OFFSHORE CNH MARKET   
  
 Instrument            Current   Difference
                                 from onshore
 Offshore spot yuan    6.3794    0.11%
        *                        
 Offshore              6.532     -1.97%
 non-deliverable                 
 forwards                        
               **                
 
*Premium for offshore spot over onshore
**Figure reflects difference from PBOC's official midpoint,
since non-deliverable forwards are settled against the midpoint.
. 

 (Reporting by Winni Zhou and Andrew Galbraith)
  
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