CNH: USD/CNH Steady During Holiday Period, Consensus Remains For Firmer Yuan
Oct-02 01:25
USD/CNH tracks near 7.1300 in latest dealings, remaining close to recent lows. A reminder that China...
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CHINA: Central Bank Withdraws CNY150.1bn via OMO
Sep-02 01:24
- The PBOC issued CNY255.7bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY405.8bn.
- Net liquidity withdraws CNY150.1bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.41%, from prior close of 1.44%.
- The China overnight interbank repo rate is at 1.32%, from the prior close of 1.25%.
- The China 7-day interbank repo rate is at 1.41%, from the prior close of 1.45%.
MNI: CHINA PBOC CONDUCTS CNY255.7 BLN VIA 7-DAY REVERSE REPO TUES
Sep-02 01:22
- CHINA PBOC CONDUCTS CNY255.7 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Higher, Fixing Error Unchanged
Sep-02 01:18
The USD/CNY fix printed at 7.1089, versus a BBG market consensus of 7.1335.
- The fixing continued to edge higher, in line with higher market estimates (relative to Monday's outcome). The fixing error was basically unchanged at -246pips.
- USD/CNH is tracking a touch higher in early Tuesday dealings, last near 7.1360.
- The recent rebound in the USD/CNY fixing comes without much shift in broader USD trends, which may be driving some short covering on USD/CNH.
