That argues for sustained yuan appreciation in the coming months, irrespective of dollar moves.
More Quotes from Royal Bank:
The story there is more positive, not just from the current-account surplus, but also from the interest-rate side and growth. These will help the baht.Royal Bank
Commodity prices are a risk to U. S. inflation and I don't think the market is pricing enough scope for that. If the Fed rate gets to 5.25 percent, then cash yields have to be at 5 percent plus.
Royal Bank
European Capital immediately understood the investment thesis and acted quickly to complete the transaction. We are impressed with their flexibility and hard work.
Royal Bank
There should be good support around 120.10. That would be on intraday, a good area to buy at looking for a 20 to 30 tick rally this afternoon to get us back up nearer to unchanged levels.
Royal Bank
We periodically review our fees. The 19 fee that did not change is the lowest in the industry, and the other fees are certainly competitive.
Royal Bank
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