MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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

USD/CNY Fixing Near 7.1100, Highest Level Since January

CNH
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

The USD/CNY fixing printed at 7.1098, versus a Bloomberg consensus of 7.2462.

  • The fixing error widened to -1364pips in USD/CNY terms. This is fresh wides back to late April.
  • The actual fix was the highest print since Jan 23rd. It was another modest move higher versus yesterday's outcome, but still displaying an uptrend.
  • The upside limit on USD/CNY spot today is around 7.2520.
  • USD/CNH spot is biased higher post the fixing outcome. We were last around 7.2550/60, just above Wednesday session highs.
82 words

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.

The USD/CNY fixing printed at 7.1098, versus a Bloomberg consensus of 7.2462.

  • The fixing error widened to -1364pips in USD/CNY terms. This is fresh wides back to late April.
  • The actual fix was the highest print since Jan 23rd. It was another modest move higher versus yesterday's outcome, but still displaying an uptrend.
  • The upside limit on USD/CNY spot today is around 7.2520.
  • USD/CNH spot is biased higher post the fixing outcome. We were last around 7.2550/60, just above Wednesday session highs.