EM ASIA CREDIT: Thai Oil (TOPTB): New USD PerpNC5.25
(Baa3neg/BBB-neg/NR) "*IPT: THAI OIL 144A/REGS $BMRK PERP-NC-5.25 AT 6.625% AREA" - BBG...
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CNH: AMENDED: USD/CNY Fixing Error Narrows, USD/CNH Off Intraday Low
The USD/CNY fix printed at 7.0773, versus a BBG market consensus of 7.0764. This leaves the fixing error remaining positive, today at only +9pips down from Monday's +25. This continues to point to a steady outlook for the yuan. Spot USD/CNH is a little higher post the fixing, last around 7.0711/15 and off the earlier low of 7.0687. Recent highs are just above 7.0800, in terms of a potential upside focus point.
CNH: USD/CNY Fixing Error , USD/CNH
The USD/CNY fix printed at 7.0773, versus a BBG market consensus of 7.0764. This leaves the fixing error remaining positive, today at only +9pips down from Monday's +25. This continues to point to a steady outlook for the yuan. Spot USD/CNH is a little higher post the fixing, last around 7.0711/15 and off the earlier low of 7.0687. Recent highs are just above 7.0800, in terms of a potential upside focus point.
CHINA SETS YUAN CENTRAL PARITY AT 7.0773 TUES VS 7.0764
- CHINA SETS YUAN CENTRAL PARITY AT 7.0773 TUES VS 7.0764
