CNH: USD/CNY Fixing Remains Steady
Jan-15 01:19
The USD/CNY fix printed at 7.1883, versus the BBG market consensus of 7.3300.
- This keeps the fixing outcome close to unchanged, while the error term widened slightly to -1417pip,s but remains within recent ranges.
- USD/CNH is little changed in the first part of Wednesday dealings, last near 7.3450.
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CNH: USD/CNY Fix Holds Under 7.1900, Fixing Error Slightly Wider
Dec-16 01:19
The USD/CNY fix printed at 7.1882, versus the Bloomberg consensus of 7.2785.
- The fixing delivered a -903pip surprise in USD/CNY terms, slightly wider than Friday's outcome, but still near recent wides.
- USD/CNH has been relatively steady to start Monday trade, last near 7.2800. broader USD trends are slightly softer. The yen is the bucking this trend though.
MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1882 MON VS 7.1876
Dec-16 01:18
- CHINA SETS YUAN CENTRAL PARITY AT 7.1882 MON VS 7.1876
US TSYS: Tsys Yields Edge Slightly Lower Following Last Weeks Sell-Off
Dec-16 01:18
- Cash tsys yields have opened slightly lower this morning, with the 10yr outperforming, last -1bps at 4.387%. The 2s10s curve steepened on Friday hitting a session high of 16, before a slight flattening move occurred into the close, ending the session at 14.50bps
- Tsys futures are little changed this morning with TU -00⅜ at 102-27⅞, while TY is trading +01+ at 109-29+.
- The pullback in 10yr tsys futures picked up pace into the Friday close, with first support at 110-02 giving way before the London close. A bull phase remains in play, however, a corrective cycle has resulted in a pullback from recent highs. An extension lower would strengthen a bearish theme. For bulls, a reversal higher would refocus attention on key resistance at 111-20+, the Dec 6 high. Clearance of this level is required to resume the recent bull cycle.
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