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CNY: Yuan appreciation trend has developed to prevent capital outflows - ING

Analysts at ING are looking for the daily CNY fixing to remain strong in the coming months – following DXY asymmetrically such that the yuan fixing is likely to stay fairly stable on days when the US$ is strong, while moving higher when the US$ is weak.

Key Quotes

“Indeed, regulators are unlikely to relax the current administrative measures on capital outflows anytime soon, which should ensure yuan stability. We have revised our end-2017 USD/CNY forecast to 6.65.”

EUR/USD tests highs near 1.1760 ahead of FOMC

The single currency is recovering part of Tuesday’s pullback and is now lifting EUR/USD to the area of 1.1750/60, or daily tops. EUR/USD now looks to
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Eurozone: Could core inflation return to 2%? - Natixis

Patrick Artus, Research Analyst at Natixis, suggests that it is very difficult for the core inflation in Eurozone to rise above the 2% mark. Key Quot
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