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CNH Gains On Bond Inclusion In FTSE Russell WGBI

FOREX

The yuan picked up a bid as FTSE Russell said they will start including Chinese Government Bonds in the FTSE World Government Bond Index, starting with the Oct 2021 profiles. USD/CNH dipped through yesterday's low before trimming losses. Focus moves to the daily PBoC fix.

  • AUD leads gains in G10 FX space, with JPY lagging behind all of its peers from the basket, amid light risk-on flows. In addition, it is a Gotobi day in Japan, which may be sapping some strength from JPY.
  • Preliminary Australian trade data, final Chinese BoP current account balance, flash U.S. durable goods orders and Italian sentiment gauges take focus on the data front.

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