DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

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

CNY Fixing Close to Neutral

CNH

The USD/CNY fix printed at 6.7246, versus a market estimate of 6.7248.

  • Today's fix is a -2pip surprise in USD/CNY terms. We have seen positive surprises in the first two fixings of this week, so this reverses that trend somewhat.
  • The 5-day sum of the fixing error is back to +6pips from +15pips yesterday. The longer term sums of the fixing error are also getting back close to flat. The 10 day is at +33pips, the 15 day -12pips.
  • USD/CNH is little changed post the fix. The pair is back to 6.7120, following an early spike to 6.7170. We remain very much within recent ranges.
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesBulletMarketsEmerging 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.