Halister News

(Bloomberg) -- CNY rises to two-week high after the currency’s reference rate strengthens by most in 17 days while other Asian currencies also climb against the USD.

• PBOC strengthened CNY fixing rate by 0.42%, most since June 6, to 6.5658 per USD
• CNY gains as much as 0.1% to 6.5685 vs USD, strongest since June 8; CNH is little changed at 6.5812; spread widens to around 90 pips
• Mkts across the world today are going to be “very light” as everyone would be cautious and wait on the sidelines before U.K. referendum result kick in Friday morning H.K. time, says Khoon Goh, senior FX strategist at ANZ
  • Yuan fixing is strong, given overnight USD weakness on broad-base GBP and EUR rally
  • Asian currencies may gain some strength early today, but may not extend further as they have priced in a lot this week
  • Abrupt moves possible as liquidity gets thinner
• China among Asia’s most vulnerable to Brexit vote: analysis
• G-7 said to issue statement if U.K. votes to exit EU: Reuters
• Appetite for dim sum bonds revives as yuan volatility recedes, investors drawn by extra yield
• China Postal Savings Bank approved to sell 50b yuan tier-2 capital bond
• Best-performing China fund in U.S. bets on new economy stocks
• China steps up stimulus by stealth in its efforts to ensure growth target this yr
• China should phase out ‘zombie cos.,’ PBOC adviser says: Caixin