CHINA: Loan Prime Rates Unchanged 

Feb-20 01:35

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* Today's fixing of the 1 and 5-year Loan Prime Rates was as expected with no change. * The 1-year...

Historical bullets

MNI: CHINA PBOC CONDUCTS CNY256 BLN VIA 14-DAY REVERSE REPO TUE

Jan-21 01:24
  • CHINA PBOC CONDUCTS CNY256 BLN VIA 14-DAY REVERSE REPO TUE

CNH: USD/CNY Fixing Dips, But Focus On Tariff Headlines

Jan-21 01:20

The USD/CNY fixing printed at 7.1703, versus a BBG consensus of 7.2934. 

  • The fixing compares to yesterday's 7.1886 outcome. Today's fixing is the lowest level since early Nov.
  • USD/CNH spiked higher to 7.2939, from earlier lows of 7.2524, as headlines from US President Trump crossed. He stated 25% tariffs on Mexico and Canada would likely be imposed on Feb 1.
  • USD/CNH has stabilized somewhat since, last near 7.2800, around 0.25% weaker in CNH terms. 

MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1703 TUE VS 7.1886

Jan-21 01:16
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1703 TUE VS 7.1886