RBNZ SAYS MPC CONFIDENT OCR IS RESTRICTIVE

MNI: RBNZ LEAVES OCR AT 5.5%

MNI: PBOC Injects CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0959 Weds; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.0959 WEDS VS 7.0956

MNI BRIEF: Japan Mar CGPI Rises 0.8% Y/Y, Higher Import Prices

MNI: JAPAN MAR CORP GOODS PRICE INDEX +0.8% Y/Y; FEB REV +0.7%

US Treasury Auction Calendar

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Offshore Yuan Gains Most In 8 Weeks

CNH

Offshore yuan rose on Wednesday, posting its best day in eight weeks amid a fall in the greenback and a resurgence in risk assets. USD/CNH fell through the session from around 6.49 to intraday lows of 6.4614. Last trading up 8 pips at 6.4653. Implied volatility has risen in the past few session, jumping from six-month lows earlier this week and approaching the 50-DMA, last at 4.6875 while one-month 25 delta risk reversals are brushing up against the 100-DMA last at 0.3175.

  • On the geopolitical front US Deputy Secretary of State Sherman will travel to China on Sunday to meet with Chinese officials including State Councilor and Foreign Minister Wang Yi, the meetings will take place over July 25 and 26. There were reports earlier this week that Sherman had cancelled her visit as the meetings she had been offered were not with her counterparts in China. The US State Department said "The Deputy Secretary will discuss areas where we have serious concerns about PRC actions, as well as areas where our interests align".
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.