CNH: USD/CNY Fixing Another Multi Month High
Mar-21 01:20
The USD/CNY fix printed at 7.1760, versus a Bloomberg market consensus of 7.2433.
- Today's fixing had a -673pip error term, slightly wider than yesterday's -594pip outcome. This is consistent with a slight USD index recovery, with the error term tending to widen when we see a bought of USD strength.
- Still, the actual fixing was a fresh high going back to Jan 20 this year. We still have some way to go though to close the gap with that print, see the chart below (7.1886 was the fixing level on Jan 20).
- USD/CNH is holding higher in early Friday dealings, last near 7.2540, little changed though versus end Thursday levels in NY.
Fig 1: USD/CNY Fixing Drifting Higher, But Still Sub Jan 20 Levels
Source: MNI - Market News/Bloomberg
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CNH: USD/CNY Fixing Edges Up, Fixing Error Re-Widens
Feb-19 01:18
The USD/CNY fixing printed at 7.1705, versus a BBG market consensus of 7.2810.
- The fixing is slightly higher, but isn't drifting too far from 7.1700 at this stage.
- The fixing error re-widened to -1105pips from -873pips yesterday, with this term taking the bulk of the firmer USD backdrop over the past day or so.
- USD/CNH is a little higher, but within recent ranges in latest dealings, close to 7.2800.
CHINA SETS YUAN CENTRAL PARITY AT 7.1705 WEDS VS 7.1697
Feb-19 01:17
- CHINA SETS YUAN CENTRAL PARITY AT 7.1705 WEDS VS 7.1697
BOJ: Rinban Purchase Offer
Feb-19 01:16
The BoJ offers to buy a total of Y1000bn of JGBs from the market:
- Y300bn worth of JGBs with 1-3 Years until maturity
- Y300bn worth of JGBs with 3-5 Years until maturity
- Y325bn worth of JGBs with 5-10 Years until maturity
- Y75bn worth of JGBs with 25+ Years until maturity
