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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (18222)	5/20/2016 10:17:30 AM
From: The Ox	Read Replies (1) \| Respond to of 33421

We all know that the FED is looking to raise rates. For them, the sooner the better but they will wait until we see more strength in the US data, IMO. With this on the horizon at some point down the road, the move in the yuan doesn't seem that startling to this observer.... So the yuan hit a relative high against the dollar in March at 6.45, the S&P 500 made it to green for the year, but it seems this was as good as it gets. For no apparent reason, the yuan then started to decline and is approaching the January lows of 6.60 per dollar. EDIT- the change in the offshore/onshore yuan is more intriguing and was something I wasn't aware of. Thanks for posting that!!

To: John Pitera who wrote (18222)	5/25/2016 4:33:01 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

China weakens yuan fixing to lowest since 2011 May 25 2016, 04:07 ET \| By: Yoel Minkoff, SA News Editor The People's Bank of China lowered the yuan's reference rate by 0.3% to 6.5693 per dollar overnight, marking the currency's weakest level against the greenback since March 2011. The moves could increase tensions between China and its trading partners, as recent strength in the dollar and yen make exports from those countries less competitive globally. "It could be because the authorities want to alleviate some of the depreciation pressure before the Fed interest rate decision in June," said Christy Tan, head of markets strategy at National Australia Bank Ltd. in Hong Kong. seekingalpha.com ----------------------------------------