MNI: CHINA PBOC CONDUCTS CNY454.5 BLN VIA 7-DAY REVERSE REPO TUES
Jun-03 01:23
CHINA PBOC CONDUCTS CNY454.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Error Term Steady, Stays Positive
Jun-03 01:19
The USD/CNY fixing rate was set at 7.1869, against a BBG market consensus estimate of 7.1732.
The fixing level is higher than Friday's outcome (7.1848), while the fixing error is little changed at +137pips, with onshore markets out yesterday.
USD/CNH is down slightly in the first part of dealing today, holding under 7.2100. We haven't reacted much to the fixing outcome. Broader USD sentiment was weaker in the first part of trade, but has now stabilized.
CHINA SETS YUAN CENTRAL PARITY AT 7.1869 TUES VS 7.1848
Jun-03 01:16
CHINA SETS YUAN CENTRAL PARITY AT 7.1869 TUES VS 7.1848