Market Comment | Markets regain some ground as Yuan stabilizes
Published on Tuesday, August 6, 2019 | Updated on Tuesday, August 6, 2019
Market Comment | Markets regain some ground as Yuan stabilizes
Summary
The PBoC calmed markets today with a daily currency fixing stronger than analysts expected. That said, markets continue to remain cautious in the wake of heightened trade tensions.
Key points
- Key points:
- The PBoC set the daily currency fixing at 6.9683 per US dollar, stronger than expected.
- VIX declined but continued above 20 threshold.
- German yield continued hitting new lows, and gold prices reached its highest levels sin 2013.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Tags
- Tags
- financial markets
Authors
Vitor Sun Zou
Cristina Varela
BBVA Research - Principal Economist
Documents and files
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