CNH: USD/CNY Fixing Down Further, But Fixing Error Tighter

Aug-29 01:20

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The USD/CNY fixing printed at 7.1030, versus a BBG market consensus of 7.1281. * This was another f...

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CNH: USD/CNY Fixing Lower, Error Term Tightens

Jul-30 01:19

The USD/CNY fix printed at 7.1441, versus a Bloomberg market consensus of 7.1736.

  • The fixing came in lower than yesterday's outcome, which was in line with the lower consensus estimate. Still the fixing error was tighter at -295pips, compared to -398pips on Tuesday. 

    USD/CNH is lower, last near 7.1760, but broader USD sentiment is also down, likely aiding the CNH move. More broadly recent ranges are firmly holding for USD/CNH. 

     

CHINA SETS YUAN CENTRAL PARITY AT 7.1441 WEDS VS 7.1511

Jul-30 01:15
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1441 WEDS VS 7.1511

STIR: RBA Dated OIS Is Slightly Softer Ahead Of Q2 CPI

Jul-30 01:12

RBA-dated OIS pricing is softer across meetings today. 

  • A 25bp rate cut in August is given an 88% probability, with a cumulative 59bps of easing priced by year-end. 

 

Figure 1: RBA-Dated OIS – Current Vs. Prior

 

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Source: Bloomberg Finance LP / MNI