CNH: USD/CNY Fixing Edges Up, Fixing Error Steady
Feb-26 01:22
The USD/CNY fixing printed at 7.1732, versus a BBG market consensus of 7.2557.
- The fixing continues to nudge higher, today's result the highest since Jan 20 of this year. While the the fixing error was -825pips, little changed from yesterday's outcome.
- The firmer fixing outcomes is a little at odds with the recent USD index weakness, but the with the size of the fixing error term, arguably not a lot can be read into this move. The fixing level on Jan 20 was also 7.1886, so we are still some distance from that.
- In early Wednesday dealings, USD/CNH has drifted a little lower, but at 7.2510/15 remains within recent ranges.
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MNI: CHINA PBOC CONDUCTS CNY298 BLN VIA 7-DAY REVERSE REPO MON
Jan-27 01:22
- CHINA PBOC CONDUCTS CNY298 BLN VIA 7-DAY REVERSE REPO MON
CNY: USD/CNY fixing printed at 7.1698 versus a Bloomberg consensus of 7.2451.
Jan-27 01:21
- This leaves the fixing error slightly wider at -753pips (Friday was -738pips), but we remain within recent ranges on this metric.
- The fix for previous trading day was 7.1705.
- USD/CNH last tracked lower on Friday to close at 7.2243
CHINA SETS YUAN CENTRAL PARITY AT 7.1698 MON VS 7.1705
Jan-27 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.1698 MON VS 7.1705
