CHINA PRESS: China CPI Down 0.1% Y/Y In March
Apr-11 01:36
China’s CPI contracted 0.1% y/y in March, narrowing from the -0.7% in February, mainly driven by base effects, according to Feng Lin, executive director at Orient Securities. Price levels in April are expected to remain unchanged y/y given recent trends, Feng added. Minsheng Bank Chief Economist Wen Bin, said in the next stage, price levels are expected to rise moderately with the gradual implementation of more proactive macroeconomic measures leading to a steady expansion of domestic demand. (Source: Securities Daily)
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MNI: CHINA PBOC CONDUCTS CNY175.4 BLN VIA 7-DAY REVERSE REPO WEDS
Mar-12 01:22
- CHINA PBOC CONDUCTS CNY175.4 BLN VIA 7-DAY REVERSE REPO WEDS
CNH: USD/CNY Fixing Dips But Remains Within Recent Ranges
Mar-12 01:18
The USD/CNY fix printed at 7.1696, versus a Bloomberg market consensus of 7.2269.
- The USD/CNY fixing error narrowed to -573pips, versus -898pips yesterday.
- The actual fixing remained within recent ranges. back on March 6th we had a 7.1692 outcome. At face value today's result is unlikely to encourage fresh yuan gains, at least based off this metric.
- USD/CNH is a touch firmer so far today, the pair back above 7.2300, off a little under 0.1% in CNH terms. Recent lows in the pair rest 7.2252.
CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WEDS VS 7.1741
Mar-12 01:15
- CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WEDS VS 7.1741
