CHINA: Central Bank Injects CNY90b via OMO

May-22 01:24

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* The PBOC issued CNY154.5bn of 7-day reverse repo at 1.4% during this morning's operations. * Tod...

Historical bullets

MNI: CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES

Apr-22 01:22
  • CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES

CNH: USD/CNY Fixing Edges Higher, Error Term Steady

Apr-22 01:21

The USD/CNY fix was 7.2074, against a BBG market consensus of 7.2892.

  • Today's fixing was slightly higher than Monday's outcome (7.2055), despite the market consensus for today being slightly below Monday's estimate (7.2926).
  • The fixing error was little changed at -818pips.
  • USD/CNH is back to around 7.3050 in latest dealings around 0.15% weaker in CNH terms for the session so far. The pair continues to see support around the 50-day EMA or levels just under this support point. Broader USD sentiment is somewhat firmer in early Tuesday dealings.  

CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055

Apr-22 01:16
  • CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055