Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
Dollar Hits Three-Month High as US Treasury Yields Surge 
RBA Says ASX Still Falls Short on Governance and Risk Controls 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Add as a preferred source on Google
The Federal Reserve and the United States dollar is expected to be the main driver for USD/CNY over the next few weeks, according to the latest research report from Commerzbank.
Recent news suggests that the Trump-Xi meeting could be further pulled back to June, which implies that a trade deal is not on the table yet.
Certainly, there are a lot more uncertainties on the trade deal, but the prolonged (probably endless) negotiation also means that the influence of the trade talks on CNY exchange rates will be diminishing for now.
The market is expected to gradually turn the focus to China’s economic health over the foreseeable future, the report added.
Overall Chinese data at the beginning of the year illustrates a rather mixed growth picture: The investment has picked up somewhat with a clear support from the easing measures, but the trade and industrial output data remained weak, reinforcing that the growth outlook looks challenging.
In this case, data released over early April will give a reality check of the soundness of Chinese economy, as well as the effectiveness of China’s policy making, Commerzbank further noted.
