Oil Prices Hold Steady as Middle East Supply Risks Persist 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Australia Inflation Accelerates to 4% After RBA Rate Hike 
Oil Prices Slide as Middle East Flows Recover 
South Korea Exports Surge 83.5% on AI Chip Boom 
Australia Trade Surplus Shrinks Sharply as Imports Surge 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
IMF Says Global Bond Markets Remain Orderly Despite Yield Surge 
Asian Stocks Mixed as Markets Await U.S. Jobs Data 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data 
Add as a preferred source on Google
The Chinese yuan is expected to remain relatively steady in Q2 while trading along with a broader market tone in the months ahead. On the other hand, as the credit-fuelled growth could raise risks to the real economy down the road, the yuan is expected to face some headwinds in H2.
The United States Treasury Department has chosen not to brand China a currency manipulator in an official semiannual FX report released last Friday, even though it still kept China on a previously established “Monitoring List.”
Premier Li Keqiang said Tuesday that market confidence in the yuan currency has significantly improved and the nation will keep yuan basically stable at a reasonable and balanced level. The State Council, China’s cabinet, said Wednesday in a statement that the nation should make more forceful adjustments to fiscal and monetary policies if new urban jobs fell sharply and the unemployment rate rises significantly.
"Meanwhile, we note the PBoC has persistently set USD/CNY fixing with a downward bias in the past week. It means the central bank’s daily reference rate will slide markedly if the DXY Index tumbles overnight. In addition, China is on track to reach its economic growth target for 2017 due to booming credit supply," Scotiabank commented in its latest research report.
