CNH 6-Month Forwards Less Affected by Funding Squeeze: SocGen
Source: BFW (Bloomberg First Word)
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Frances Cheung (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- Uptick in CNH rates and forward points is confined to the very front-end. Suggests short-term liquidity tightness has been partly caused by reduced southbound flows, rather than being FX sentiment driven, says Frances Cheung, head of rates strategy, Asia ex-Japan at Societe Generale says
Alert: HALISTER1- USD/CNH overnight forward points up 4.33 to 6.33, 6-month forward points now down 45 to 885 points
- Yuan overnight interbank rate in Hong Kong rises 101 bps to 3.84%
- USD/CNH spot up 0.18% to 6.7378
Source: BFW (Bloomberg First Word)
People
Frances Cheung (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283