The USD/CNY forex swaps are slightly higher, supported by the USD's broad strength against risk-sensitive Asian currencies. The one-year USD/CNY forex swap is trading at a premium of 255 pips from the spot vs a 240 pip premium late Wednesday in Asia. "The swap market has been very quiet as custumers are not very interested in trading swaps right now. We may see more volatility if the dollar continues to trade at high levels," says a Beijing-based local bank trader. The USD/CNY spot is at 6.3447 vs 6.3345 late Wednesday in Asia. Offshore, one-year USD/CNY NDFs are quoted at 6.4040/6.4090 vs 6.3900/6.3955.
Find us on Google+
No comments:
Post a Comment