CNY seems to have decoupled from the broader market - Westpac

The Chinese yuan seems to have decoupled from the broader market, with CNY and CNH easily the strongest regional currencies over the week, according to Sean Callow, Research Analyst at Westpac.

Key Quotes

“Headlines continue to print to reinforce the narrative that net foreign direct investment flows are tilting back towards China.”

“The break of USD/CNY 6.60 is eye-catching, but it remains debatable that onshore investors are turning bullish yuan, with the 12mth NDF at 6.75.”

Aug 31, 2017

US: Expect a solid 0.5% m-o-m increase in personal income and spending - Nomura

Analysts at Nomura expect a solid 0.5% m-o-m increase in personal income in July after a flat reading in June. Key Quotes “The unexpected weakness i

GBP/USD neutral, likely between 1.2870/1.2945 – UOB

Cable is still seen neutral in the next 1-3 weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Aside from a quick dip to 1.2878