Forex Follies

Forex Follies

We haven’t looked at currency cross-rates in a while and I think it’s particularly germane in this gee-what-will-the-trade-war-do environment we’re stuck in. It seems to me the Chinese currency is going to continue to be quite weak about its centuries-old enemy of Japan:

CNY/JPY

Jumping to the other side of the planet, the euro has been grinding lower for years against the U.S. dollar. I suspect this will continue for years to come, as Europe will be in even more pathetic shape than our once-great republic.

EUR/USD

Lastly, and most timely, my view is that the dollar will continue to appreciate against the Chinese yuan. If the trade deal is as big a debacle as I’ve been predicting for months, this should shoot higher once all the bluster and spin are out of the way.

USD/CNY

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.