Tag: trade wars

The 20 for 20 Countdown – Part Three

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 10-6. 10. Brexit Putting aside the (ongoing) politics, the night of the Brexit vote showed […]

In the FICC of It

This week’s podcast sees Colin Lambert and Galen Stops respond to listener feedback from recent episodes before turning their attention to events in the FX market last week – and the return of volatility. With the trade war and central bank surprises suddenly kicking FX markets into life Lambert is intrigued to see if the […]

USD/CNH Above 7 as China Bites back in Trade War

The FX market was surprised today when the Peoples Bank of China set the onshore USD/CNY rate much higher than anticipated at 6.9225, leading to the offshore USD/CNH currency pair extending gains through 7.00 – a level previously defended by the Chinese authorities concerned about capital outflows and one at which the pair has never […]