6.7905 vs. estimate at 6.7900
Share: In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.7905 vs. the estimate at 6.7900 and the last close of 6.7940. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not […]
PBOC sets USD/ CNY reference rate for today at 6.7967 (vs. estimate at 6.7962)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.7988</p><p>PBoC injects 393bn yuan of 7-day reverse repos […]
PBOC sets USD/ CNY reference rate for today at 6.7737 (vs. estimate at 6.7755)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.8002</p><p>-</p><p>PBoC injects 150bn yuan of 7-day reverse repos […]
US nonfarm payroll 517K vs 185K estimate. Unemployment rate 3.4% vs 3.5% estimate
Nonfarm payroll rises by 517 K A huge beat that may have some seasonality issues, but it is impressive with gains and revisions well above expectations. The average gain in 2022 was 401K Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in […]
ISM US nonmanufacturing PMI index 55.2 versus 50.4 estimate
ISM Non Manufacturing index Nonmanufacturing PMI index 55.2 versus 50.4 estimate. Prior month 49.2 nonmanufacturing business activity index 60.4 versus 54.5 estimate. Prior month 53.5 employment index 50.0 versus 49.4 last month new orders index 60.4 versus 45.2 last month prices paid index 67.8 versus 68.1 last month new export orders 59.0 versus 47.7 last […]
PBOC sets USD/ CNY reference rate for today at 6.7382 (vs. estimate at 6.7389)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 </p><p>PBoC injects 23bn yuan of 7-day reverse repos […]
US factory orders for December 1.8% versus 2.2% estimate
US factory orders rebound Factory orders for December 1.8% versus 2.2% expected. Prior month -1.8% Durable goods unrevised 5.6% versus a 5.6% preliminary. Prior month -1.7% durable goods ex transportation x% versus -0.1% preliminary Durable goods Non Defense Cap ex-air -0.1% versus -0.2% preliminary Factory orders ex transportation -1.2% versus -1.2% last month (revise from […]
PBOC sets USD/ CNY mid-point today at 6.7492 (vs. estimate at 6.7499)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.7531</p><p>more to come</p><p>PBoC injects 155bn yuan of 7-day […]
PBOC is expected to set the USD/CNY reference rate at 6.7660 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Earlier:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/chinas-cabinet-said-it-will-promote-consumption-recovery-boost-imports-to-drive-economy-20230129/" rel="follow" target="_self" class="article-link">China's cabinet said it will promote consumption recovery, boost imports to drive economy</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/weekend-china-to-extend-3-lending-tools-for-further-targeted-economic-support-20230129/" rel="follow" target="_self" class="article-link">China to extend 3 lending tools for further targeted economic support</a></p> This article was written by Eamonn Sheridan at www.forexlive.com. Source […]
US existing home sales for December 4.02M vs 3.96M estimate
<ul><li>Existing home sales 4.02M va 3.96M estimate</li><li>Prior month 4.08M vs 4.09M previously reported. </li><li>Sales are down -1.5% MoM</li><li>11th straight month decline</li><li>Supply at 2.9 months with a more balanced market being 4.6 months</li><li>Median sale price $366,900 that is up 2.3% from December 2021</li><li>2022 existing home sales 5.03M units -17.8% from 2021 (6.12M units)</li></ul><p>Existing home sales are […]