Spot USDCNY traded above 6.39

The fixing is likely to be higher further as the USD strengthened further overnight.

OCBC Treasury Research noted:

The USDCNY fixing was set out of familiar range of 6.30-6.33 at 6.3339 on Tuesday as a result of strong dollar. The spot USDCNY was traded above 6.3900 yesterday, close to 1% upper ceiling. The fixing is likely to be higher further today as the USD strengthened further overnight, which may open 6.40 for the USDCNY spot.

Chinese clients net purchased US$10.7bn in the forward market in June, the third consecutive months since April. The quickly rising demand for forward dollar pushed the swap points higher in the onshore market, almost converging to the offshore DF curve.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia