- Story Log
User | Time | Action Performed |
---|---|---|
- Comments
- Subscribe
-
- Older Stories
So strategically vital to Russia, Iran, and China is the Akkas gas field in Iraq that enormous pressure was brought to bear on politicians in Baghdad to ensure that all contracts ...
post: PBOC SETS YUAN MID-POINT AT 7.1002 / DLR VS LAST CLOSE 7.2077PBOC sets USD/ CNY central rate at 7.1002 (vs. estimate at 7.2143) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2077. - PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%. • 440bn yuan of RRs mature today. • Thus net 4388bn drain on the day in OMOs. Draining of cash after the holiday period continues.
Global Markets: US Treasuries had a fairly quiet day on Monday. 2Y yields rose 1.4 basis points, but the 10Y yield fell 2bp to 4.487%. There wasn’t much on the macro calendar to ...
-
- Newer Stories
UK total retail sales fell 4% year on year in the April as wet spring weather deterred shoppers, despite businesses offering hefty discounts in an attempt to entice customers into ...
USD/JPY jumped earlier on comments from Kanda pointedly not responding to Yellen - tensions are evident in the intervention realm: Japan's Kanda says no comment on Yellen's ...
Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for ...
- Story Stats
- Posted: May 6, 2024 10:17pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 1,957