KBND - China's CSI 300 Rises For Seventh Consecutive Session Offshore Yuan Strengthens
2024-02-21 08:25:00 ET
Summary
- The dollar is trading quietly after being sold yesterday.
- The offshore Chinese yuan is firmer for the sixth consecutive session.
- The CSI 300 rallied four consecutive sessions before the Lunar New Year holiday and is up in each of the three sessions since returning.
- Gold is edging higher for the fifth consecutive session, which if sustained, would match the longest advance since Sept-Oct 2022.
- April WTI was turned back from $78.55 yesterday, and follow-through selling today has pushed it to around $76.30.
Overview
The dollar is trading quietly after being sold yesterday. It is still soft against the dollar bloc and the Swiss franc, but is firmer against the other G10 currencies. Narrow ranges have dominated. Emerging market currencies are mixed, with central European currencies and the Taiwan dollar trading softer. The offshore Chinese yuan is firmer for the sixth consecutive session. The highlights of today's North American session features minutes from last month's FOMC meeting, a $16 bln sale of 20-year Treasuries, and Nvidia's earnings....
China's CSI 300 Rises For Seventh Consecutive Session, Offshore Yuan Strengthens