CHINA RATES: China Repo Rates Diverge On Wednesday
Apr-26 01:29
The seven-day deposit reverse repo average across China's interbank market was at 2.0459% on Wednesday, higher than the close of 2.0444% on Tuesday, according to Wind Information. The overnight deposit reverse repo average was last at 1.2328%, lower than the previous 1.6565%.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CNH: CNY Fixing - Close To Neutral
Mar-27 01:22
The USD/CNY fix printed at 6.8714, versus a Bloomberg consensus of 6.8711.
- Today's fix is a +3pips surprise in USD/CNY terms, so very close to neutral. The rolling 5-day sum of the error term is back to -46pips (-63pips on Friday).
- In terms of USD/CNH, we have drifted slightly higher today, but remain well within recent ranges, last just above 6.8700.
BOJ: Fixed Rate Purchase Offer
Mar-27 01:10
The BoJ offers to buy an unlimited amount of 5- to 10-Year JGBs at a fixed rate of 0.50%.
KRW: 1 Month USD/KRW Firms, As Early Risk-On Bid Wanes
Mar-27 01:02
1 month USD/KRW is firmer, after opening around 1293, we last tracked above 1298, around +0.4% above closing levels from the end of last week. Note Friday session highs were around 1305 in the pair. Spot is back above 1300.
- This is line with broader risk moves, as US equity futures have moved off session highs. The Kospi opened higher, but is now back to modest losses (-0.35%). Higher beta pairs in the G10 space (AUD & NZD) are also off session highs.
- Earlier North Korean missile tests could have also weighed on sentiment, although these have been quite frequent in March and are likely to continue amid further US-South Korea military exercises.
- The bigger driver is likely to be US equity sentiment, with continued focus on banking sector developments.
Trending Top
Oct-27 17:20
Oct-27 15:13
