• 繁體中文 | 简体中文 | English | Español
  • icon-fb
  • icon-fb

Banca en Línea

Novedades sobre el Intercambio Extranjero (en Inglés)

January 15, 2019

United States (US): PPI
 
US PPI dropped by 0.2% in December after 0.1% increase in November. The modest pullback in producer prices was partly due to another steep drop in energy prices, which plunged by 5.4% in December after tumbling by 5.0% in November. Food prices surged up by 2.6%. Core PPI edged down by 0.1% in December after climbing by 0.3%.
 
European Union (EU): Trade Balance
Euro traded at 1.1413 against USD at 2:00 pm PST.

Eurozone's trade surplus fell to EUR 19 billion in November from EUR 23.4 billion a year ago. Exports increased 1.9% YoY and imports rose 4.7%. In the January to November period, exports rose 4.2% from a year ago and imports climbed 6.6%. The trade surplus decreased to EUR 175.2 billion from EUR 210.4 billion in the same period last year.

Germany: GDP Growth
 
Germany’s economy growth at 5-year low in 2018 largely driven by a weaker global economy and poorer sales in the automobile industry due to the implementation of new emission standard. GDP grew 1.5% in 2018, compared with 2.2% in 2017. Both household final consumption expenditure and government final consumption expenditure were up 1.0% and 1.1%, respectively on the previous year. However, the growth rates were markedly lower than in the preceding three years.
 
United Kingdom (UK): Voted Down Brexit
British Pound traded at 1.3266 against USD at 2:00 pm PST.
 
GBP plunged over 1% immediately follow the Brexit vote but recovered to positive territory as traders bet the possibility of a hard Brexit were decreasing and a higher probability of an extension of the March 29 exit date. MPs voted by 432 votes to 202 to reject PM May's Brexit deal - the largest defeat for a sitting government in history. Labor leader Corbyn has now tabled a vote of no confidence in the government to be held tomorrow, which could trigger a general election. If a majority of MPs vote for the motion, then it starts a 14-day countdown. If during that time the current government, or any other alternative government cannot win a new vote of confidence, then an early general election would be called. That election cannot happen for at least 25 working days.
 
Following a controversial amendment, the UK government now has just three working days to map out a new plan of action. A new plan must be agreed with Europe and presented to UK lawmakers by the close of business on Monday January 21. Six potential outcomes are renegotiation, general election, second referendum, extending Article 50, no Brexit and no-deal Brexit.
 
China: FDI
Onshore Chinese yuan traded at 6.7595 per USD at 2:00 pm PST and offshore Chinese yuan traded at 6.7730 per USD.
 
Chinese foreign direct investment into the US plummeted for a second year in a row. In 2018, Chinese FDI in the US fell to just $4.8 billion - a massive decline from $29 billion in 2017 and $46 billion in 2016. The 2018 figure marks a 90% drop from 2016 and represents the lowest level of direct investment by China since 2011. The decline comes amid trade tensions between the US and China and as Beijing adds pressure on Chinese companies to reduce their global holdings and reduce debt levels.

PLEASE CALL THE FX DEPARTMENT AT (626) 279-3235 FOR THE MOST CURRENT RATE
  
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.

Forex Contact Info

Foreign Exchange Corporate Dealers
Toll Free:
1-866-228-4299


phoneicon

1-800-9CATHAY

(1-800-922-8429)

Servicio Cliente Consumidor
6:00 a.m. a 7:30 p.m. hora del Pacifico, lunes a viernes.

Servicio de Clientes Comerciales
6:00 a.m. a 6:00 p.m. hora del Pacifico, lunes a viernes.

Información automatizada las 24 horas al día, 7 días a la semana.

Los clientes de EE.UU. en Hong Kong pueden llamar a la línea gratuita 3710-1400 para contactar Servicio al cliente de EE.UU. directamente.


Gracias por visitar el sitio de Red Mundial de Cathay Bank!

Usted va a salirse de este Cathay Bank sitio de Red Mundial y va ha entrar un sitio que no esta controlado por nosotros.

Cathay Bank no endorsa, no patrocina ni garantiza la informacion, el contenido, la presentacion, la exactitude o las recomendaciones propocionadas en este sitio de Red Mundial. Ademas, Cathay Bank no es responsable de las practicas de el aislamiento o de la seguridad del sitio. Se le recomienda que revise la poliza the privacidad de el sitio antes de proporcionar cualquier informacion.

Si tiene alguna queja relacionada con el Sitio o los servicio(s) que ofrecemos, por favor contáctenos al:

Cathay Bank

Compliance Department

9650 Flair Drive EL-5-C

El Monte, CA 91731.

Cathay Bank Logo

La comunicación por correo electrónico no es segura

Por favor no incluya información confidencial, como números de cuenta o información personal no pública, como el número de Seguro Social o identificación de impuestos en cualquier correo electrónico enviado a nosotros a través de este enlace.

To apply online, please use a desktop or laptop computer.