USD: BBDXY - Back Below 1200, Price Action Is Ugly
Jul-24 01:26
The BBDXY range overnight was 1192.81 - 1197.02, Asia is currently trading around 1192. The USD agai...
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MNI: CHINA PBOC CONDUCTS CNY406.5 BLN VIA 7-DAY REVERSE REPO TUES
Jun-24 01:21
- CHINA PBOC CONDUCTS CNY406.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing at 7.1656
Jun-24 01:19
The USD/CNY fix printed at 7.1656, versus a Bloomberg market consensus of 7.1627.
- Today's fixing marginally down on yesterday's. The fixing error was slightly tighter at +29pips (versus -238pips yesterday).
- USD/CNH is up at 7.1725 post the fixing, with softer USD trends elsewhere in the region likely helping. The pair remains within recent ranges though. Downside focus is likely to rest sub 7.1700, which has marked recent lows.
CHINA SETS YUAN CENTRAL PARITY AT 7.1656 TUES VS 7.1710
Jun-24 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.1656 TUES VS 7.1710
