The USD/CNH, or offshore USD/CNY, rises to 6.3695 from 6.3670 late Friday, tracking a stronger greenback against most Asian currencies after a disappointing U.S. jobs report late last week. A senior trader at a local bank tips the pair to hover in a 6.3660-6.3730 range, given the near term strength of the USD due to risk aversion. The greenback will only fall if the Federal Reserve signals more easing measures later this week, the trader says. Hong Kong Treasury Markets Association's USD/CNH fixing was at 6.3684 vs 6.3678 late Friday. One-year USD/CNY NDFs are at 6.4355/6.4405, vs 6.4310/6.4340 late Friday. Onshore, the USD/CNY is at 6.3680, from 6.3690 late Friday. The PBOC fixed central parity a tad lower at 6.3276 vs 6.3308 Friday.
Find us on Google+
No comments:
Post a Comment