USD/CNY: Strong dollar and widening interest rate differential to remain the key drivers – Commerzbank

USD/CNY has gained a bit of ground in the past few sessions to around 6.73. Economists at Commerzbank expect a strong greenback and widening interest rate differential between CNY and USD rates to dominate the pair.

USD/CNY to shrug off possible rollback of tariffs

“The FX market is seemingly expecting some sort of easing in tariffs and an eventual announcement, therefore, may not have much impact.”

“The strong USD and widening interest rate differential between CNY and USD rates are likely to remain the key drivers for USD/CNY.”

 

FX option expiries for July 12 NY cut

FX option expiries for July 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0200 406m 1.0260 1.2b - USD/JPY: U
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Natural Gas Futures: Looks neutral/bullish near term

Considering preliminary readings from CME Group for natural gas futures markets, open interest rose by around 3.8K contracts at the beginning of the w
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