MNI: CHINA PBOC CONDUCTS CNY214.9 BLN VIA 7-DAY REVERSE REPO WEDS
Jun-04 01:22
CHINA PBOC CONDUCTS CNY214.9 BLN VIA 7-DAY REVERSE REPO WEDS
CNH: USD/CNY Fixing Edges Up, Fixing Error Back To Negative
Jun-04 01:18
The USD/CNY fixing was set at 7.1886, against a BBG market consensus of 7.2005.
The fixing error is back to negative (-119pips), after yesterday's +137pip outcome. A negative fixing error is in line with the stronger USD over the past 24 hours.
The actual fix is only a touch above yesterday's outcome (7.1869).
Spot USD/CNH is relatively steady in the first part of Wednesday trade, last just above 7.1900.
CHINA SETS YUAN CENTRAL PARITY AT 7.1886 WEDS VS 7.1869
Jun-04 01:18
CHINA SETS YUAN CENTRAL PARITY AT 7.1886 WEDS VS 7.1869