MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1305 THURS VS 7.1312

MNI NBP WATCH: Rates Held As 2024 Outlook Remains Hawkish

MNI BRIEF: ADP's Richardson Sees Pockets of Weakness in US Job Market

Australia May Exports +2.8%; Imports +3.9%

MNI:AUSTRALIA MAY TRADE BALANCE A$+5773

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Limited Spill Over From Higher CNH Levels To Other Asian FX So Far

ASIA FX

Spill over from stronger CNH levels is evident for other Asia FX, but moves are fairly modest at this stage. CNH gains have stabilised somewhat, which may have curtailed the spill over to some degree.

  • Only PHP is matching percentage CNH gains at this stage. USD/PHP is back under 54.60, around 0.35% firmer versus closing levels from last Friday (FX markets were closed onshore yesterday).
  • 1 month USD/KRW is back to 1278.00/50, earlier highs were around 1283, but current levels are little changed from Monday NY closing levels.
  • Spot USD/TWD dipped to 31.32, but sits back above 31.345 now, only modestly firmer in TWD terms so far.
  • USD/IDR is back to 15000/05 but is only ~0.10% firmer in IDR terms for the session.
  • USD/SGD is near 1.3300, while USD/THB is holding above 34.50 at this stage, with dips sub this level not being sustained. On-going local political uncertainty may be weighing at the margins on baht.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.