Head on this page.

Market Trends

Market Trends

Information and commentary from Hong Kong on the current market and future prospects regarding wildly fluctuating RMB exchange rates, interest rates and stocks.

Offshore RMB Market Report

Comments on offshore RMB exchange rates, interest rates and stocks from the Hong Kong Treasury Division.

Feb 18, 2019 Offshore RMB Market Report[CNH held steady on optimism over the extension of ceasefire in trade war](PDF/399KB)

Feb 11, 2019 Offshore RMB Market Report[CNH fell back to 6.78 as Trump ruled out Xi–Trump meeting by Feb–end](PDF/350KB)

Feb 4, 2019 Offshore RMB Market Report[CNH pared back gains as China and US failed to make a breakthrough deal](PDF/364KB)

Jan 28, 2019 Offshore RMB Market Report[Chinese Vice Premier Liu's visit to US on 30 Jan in focus](PDF/429KB)

Jan 21, 2019 Offshore RMB Market Report[CNH pulled back to near 6.80 on PBoC's easing bias](PDF/391KB)

Jan 14, 2019 Offshore RMB Market Report[Strong CNH rally on dovish Fed and positive development in China–US trade talks](PDF/428KB)

Jan 7, 2019 Offshore RMB Market Report[CNH spot remained resilient despite the disappointing China PMIs](PDF/351KB)

Dec 24, 2018 Offshore RMB Market Report[CNH spot was resilent to Fed's rate hike and PBoC's easing bias](PDF/419KB)

Dec 17, 2018 Offshore RMB Market Report[CNH found footing at near 6.92 level on easing China–US tensions](PDF/423KB)

Dec 3, 2018 Offshore RMB Market Report[CNH jumped to 6.90 as China and US agreed to hold off tariffs escalation](PDF/441KB)

Nov 19, 2018 Offshore RMB Market Report[CNH stabilized as China–US trade talks remain on track](PDF/420KB)

Nov 12, 2018 Offshore RMB Market Report[CNH fell back after the US mid–term election](PDF/405KB)

Nov 5, 2018 Offshore RMB Market Report[CNH reversed its loss on the unexpected phone call between Trump and Xi](PDF/419KB)

Oct 29, 2018 Offshore RMB Market Report[CNH slid as much as to its 22–month low of 6.9769](PDF/353KB)

Oct 22, 2018 Offshore RMB Market Report[CNH weakens to 2–month low of near 6.94 level;CNH bears test PBoC's tolerance for RMB depreciation](PDF/418KB)

Oct 15, 2018 Offshore RMB Market Report[CNH weakened to above 6.9 on surging UST yields and risk of currency manipulator label](PDF/339KB)

Oct 8, 2018 Offshore RMB Market Report[CNH edged down to 6.9 handle on surging UST yields](PDF/400KB)

Oct 2, 2018 Offshore RMB Market Report[CNH lost ground to near 6.88 after Fed's rate hike](PDF/340KB)