CNH: CNY Fixing Slight Downside Surprise
Jul-29 01:23
The USD/CNY fix printed at 6.7437, versus a market estimate of 6.7422.
- Today's fix is a +15pip surprise in USD/CNY terms, following yesterday's outcome which showed only a +2pip deviation. The general trend remains for upside surprises with 7 out of the last 10 sessions exhibiting this trait.
- Still, the 5-day rolling sum of the error term remains a modest +31 pips, versus +30 pips yesterday.
- USD/CNH has been range bound today, not drifting too far away form 6.7450 in the early part of the session.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CNH: CNY Fixing Bias Slightly Weaker
Jun-29 01:23
The USD/CNY fixing printed at 6.7035, versus a market estimate of 6.7028.
- Today's fixing is a modest +7pip surprise in USD/CNY terms, continuing the recent trend of modest positive surprises this week.
- The 5-day rolling sum of the error term is back to flat from +20pips yesterday.
- USD/CNH has been on the front foot in the early part of today's session, tracking above 6.7100. We remain within recent ranges though, with the overnight high of just above 6.7140 not yet breached.
BOJ: BOJ Makes Rinban Purchase Offers
Jun-29 01:13
The BoJ offers to buy a total of Y1.160tn of JGBs from the market:
- Y475bn worth of JGBs with 3-5 Years until maturity
- Y500bn worth of JGBs with 5-10 Years until maturity
- Y125bn worth of JGBs with 10-25 Years until maturity
- Y60bn worth of JGBis
BOJ: Fixed Rate Operation Offer
Jun-29 01:12
The BoJ offers to buy an unlimited amount of 10-Year JGBs at a fixed rate of 0.25%.
