USD/CNY central rate 6.7980

14 Responses to “USD/CNY central rate 6.7980”

1. Sam on June 22nd, 2010 01:20 GMT
   

   Sean isn’t it weird that usdjpy barely moved?
2. Alvin on June 22nd, 2010 01:22 GMT
   

   sean, where can we see the release data from? Thanks
3. Jake on June 22nd, 2010 01:23 GMT
   

   Dagnabbit… just barely missed the spike AND the retraction. Oh well. To repeat a previous question by someone else:

   Is there somewhere online to catch news like this when it comes out, rather than after the fact?
4. Rance on June 22nd, 2010 01:24 GMT
   

   Morning Sean, well as Murphy’s Law would have it I missed the “POP” and am not waiting for AUDUSD to get back to the 0.8850+ level. What’s your opinion on how it will do tonight/today?
5. Tony on June 22nd, 2010 01:29 GMT
   

   I think this is a very committed response from the Chinese authorities , but I suspect true to Chinese form, there will be a torcherous period for shorts guessing when the next move will come… hence the hesitation in the rally.
6. wonderfx on June 22nd, 2010 01:30 GMT
   

   wow nice. AUD is the way to go.
7. dcoios on June 22nd, 2010 01:35 GMT
   

   I think is very simple: The main beneficiary of Yuan aprec’n will be Australia.
8. Annie on June 22nd, 2010 01:37 GMT
   

   and canada
9. dcoios on June 22nd, 2010 01:38 GMT
   

   Right behind it!
10. hsbc on June 22nd, 2010 01:40 GMT
    

    why would aud benefit from a cny appreciation?
11. Paul on June 22nd, 2010 01:46 GMT
    

    Interesting weekly USD/JPY head and shoulders pattern may
    be why little movement on this one….waiting for 91 to become 85
    in the next month.
12. Derrick on June 22nd, 2010 01:46 GMT
    

    @HSBC Perhaps, a strong RMB will lead to more Australian commodities being purchased by China.
13. dcoios on June 22nd, 2010 01:46 GMT
    

    They will buy more goods and equities and gold and golf course memberships and real estate from Australia, more wood, minerals and same as Australia the Chinese community is pretty involved in Canada also, especially in BC.Too bad California doesn’t have it’s own currency, it will solve it’s budget woes too.
14. Tony on June 22nd, 2010 01:52 GMT
    

    The reality is they possess the manufacturing capability, but require the raw materials to process these goods for domestic consumption. This is very positive for Brazil, Canada and Australia, but mildly positive for the US and Europe. From a trade perspective, this is long term AUDEUR or CAD/EUR etc etc positive.