CNH: USD/CNY Fixing Edges Up, Error Term Widens
Jul-04 01:21
The USD/CNY fix was set at 7.1535, versus a Bloomberg market consensus of 7.1697.
- Today's fixing is marginally above yesterday's outcome (7.1523), which was a fresh low back to early Nov last year. The fixing error widened from -101pips to -162pips, taking some of the firmer USD backdrop. This came after the stronger than expected NFP on Thursday US time.
- USD/CNH is a touch lower in latest dealings, but at 7.1675/80 is still holding a good proportion of the post payrolls gains seen.
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CNH: USD/CNY Fixing Edges Up, Fixing Error Back To Negative
Jun-04 01:18
The USD/CNY fixing was set at 7.1886, against a BBG market consensus of 7.2005.
- The fixing error is back to negative (-119pips), after yesterday's +137pip outcome. A negative fixing error is in line with the stronger USD over the past 24 hours.
- The actual fix is only a touch above yesterday's outcome (7.1869).
- Spot USD/CNH is relatively steady in the first part of Wednesday trade, last just above 7.1900.
CHINA SETS YUAN CENTRAL PARITY AT 7.1886 WEDS VS 7.1869
Jun-04 01:18
- CHINA SETS YUAN CENTRAL PARITY AT 7.1886 WEDS VS 7.1869
BOJ: Rinban Purchase Offer
Jun-04 01:16
The BoJ offers to buy a total of Y785bn of JGBs from the market:
- Y100bn worth of JGBs with <1 Year until maturity
- Y275bn worth of JGBs with 1-3 Years until maturity
- Y275bn worth of JGBs with 3-5 Years until maturity
- Y135bn worth of JGBs with 10-25 Years until maturity
