CNH: USD/CNY Fixing Lower, Fixing Error Little Changed, Focus On Onshore Open
Dec-24 01:22
The USD/CNY fix printed at 7.0471, versus a BBG market consensus of 7.0265. This keeps the USD/CNY f...
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CNH: USD/CNY Fixing Lower But Above Recent Troughs, Fixing Error Steady
Nov-24 01:21
The USD/CNY fix moved lower, back to 7.0847, but this is above recent lows (7.0816). The fixing error was little changed at -289pips, versus -315pips on Friday. The fixing outcome shouldn't change broader USD/CNH trends, where the bias remains to fade upticks. Downside focus will rest on a renewed test under 7.1000, but we are little changed post today's fixing (last around 7.1075, up a touch on end Friday levels). Broader USD trends are a little firmer, with the BBDXY up close to 0.10%.
MNI: CHINA PBOC CONDUCTS CNY338.7 BLN VIA 7-DAY REVERSE REPO MON
Nov-24 01:21
- CHINA PBOC CONDUCTS CNY338.7 BLN VIA 7-DAY REVERSE REPO MON
CHINA SETS YUAN CENTRAL PARITY AT 7.0847 MON VS 7.0875
Nov-24 01:17
- CHINA SETS YUAN CENTRAL PARITY AT 7.0847 MON VS 7.0875
