China Ramps Up Yuan Support as Fixing Tops Estimates by Record [BNN Bloomberg (Canada)]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: BNN Bloomberg
The People's Bank of China set its daily reference rate for the managed currency at 7.0968 per dollar, within its recent range, after the offshore yuan weakened by the most in three weeks overnight. China sets the so-called fixing at 9:15 a.m. local time, around which the currency is then permitted to trade in a 2% range. The gap between the so-called fixing and forecasts widened to 1597 pips, the widest on record since Bloomberg started its daily survey in 2018. “The strong fix simply underscores policymakers' desire and will to pursue RMB stability,” said Christopher Wong, an FX strategist at Oversea-Chinese Banking Corp. “Clearly the fix is outside of consensus estimates but the strong fix shows that policymakers want to send a strong message to markets.” China watchers have been eyeing the daily reference rate for signs of where Beijing wants to guide the currency after it weakened to within a whisker of the edge of its trading range. Officials have been vigilant of yuan pr
Show less
Read more
Impact Snapshot
Event Time:
OVCHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVCHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVCHY alerts
High impacting OVERSEAS CHINSE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
OVCHY
News
- FOREX-Japan's yen surges against dollar on suspected intervention [Yahoo! Finance]Yahoo! Finance
- FOREX-Japan's yen jumps 5 yen against dollar on suspected intervention [Yahoo! Finance]Yahoo! Finance
- Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA [BNN Bloomberg (Canada)]BNN Bloomberg
- Instant View: Bank of Japan keeps rates steady, tweaks JGB buying plan [Yahoo! Finance]Yahoo! Finance
- Bank of Japan keeps rates steady, tweaks JGB buying plan [Reuters]Reuters