CHINA PRESS: China E-commerce Logistics Index Down In January
Feb-13 01:50
China’s E-commerce Logistics Index reached 109.2 points in January, down 3.5 points from December as merchants suspended operations during the Spring Festival, data from the China Federation of Logistics showed. However, Securities Daily noted the State Post Bureau delivered 1.1 billion express packages during the holiday, up 31% versus 2024.
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MNI: CHINA PBOC CONDUCTS CNY55.0 BLN VIA 7-DAY REVERSE REPO TUES
Jan-14 01:21
- CHINA PBOC CONDUCTS CNY55.0 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Steady, Error Term Narrows
Jan-14 01:18
The USD/CNY fix printed at 7.1878, versus a Bloomberg market consensus of 7.3202.
- This keeps the fixing error wedged under 7.1900 for now. The fixing error narrowed to -1324pips, versus -1565pips yesterday.
- USD/CNH got to lows of 7.3342 in the first part of trade (aided by broader USD softness post headlines that the US economic team advising Trump was considering gradual tariff shifts). However, we sit higher now, last near 7.3450, little changed for the session.
CHINA SETS YUAN CENTRAL PARITY AT 7.1878 TUES VS 7.1885
Jan-14 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.1878 TUES VS 7.1885
