CNH: USD/CNY Fixing Edges Down, Error Term Steady (Stays Negative)
Jul-07 01:22
The USD/CNY fix printed at 7.1506, against a Bloomberg market consensus of 7.1656.
Today's fix was a fresh low back to Nov last year. This comes despite some steadiness in terms of USD indices in recent sessions. The fixing error was little changed from Friday's outcome, printing at -150pips.
USD/CNH sits back under 7.1650 in latest dealings, little changed for the session. Broader USD sentiment is mixed, with higher beta plays underperforming amid lower US equity equities (as the tariff deadline approaches), but safe havens like yen are marginally firmer.
MNI: CHINA PBOC CONDUCTS CNY106.5 BLN VIA 7-DAY REVERSE REPO MON
Jul-07 01:21
CHINA PBOC CONDUCTS CNY106.5 BLN VIA 7-DAY REVERSE REPO MON
CHINA SETS YUAN CENTRAL PARITY AT 7.1506 MON VS 7.1535
Jul-07 01:17
CHINA SETS YUAN CENTRAL PARITY AT 7.1506 MON VS 7.1535