MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

USD/CNH Steady, PBoC Vows To Avoid FX Overshoot

CNH

USD/CNH tracks close to unchanged in the first part of Thursday trade, the pair last near 7.2450, which is slightly up on Wednesday lows.

  • Headlines from the PBoC have crossed in recent dealings: *PBOC TO PREVENT UNILATERAL CONSENSUS ON YUAN EXCHANGE RATE, *PBOC TO PREVENT RISKS OF EXCHANGE RATE OVERSHOOTING. Per BBG the PBOC comments/statement were made on Wechat.
  • CNH hasn't moved following these remarks, but they suggest an on-going focus around managing yuan depreciation pressures.
  • Coming up soon we have the CNY fixing, followed by the onshore spot open. USD/CNY spot downside has been very limited in recent sessions and remains close to the top end of the daily trading band.
EM BulletHomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsEmerging Market News

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.