The TR/HKEX RXY Global CNH index fell 0.23 per cent to 95.85 while the People’s Bank of China (PBOC) USD/CNY Fixing fell 0.24 per cent to 6.6511 last week, according to the third issue of the TR/HKEX RMB Currency Indices (RXY) weekly report.
Here are the weekly return statistics of the Thomson Reuters-HKEX RMB Currency Index Series:
The TR/HKEX RXY Global CNH Currency Index’s performance against the CFETS RMB Index and USD/CNH is below:
The TR/HKEX RXY Global CNH Index measures the performance of the CNH against a basket of 14 currencies. The largest contributor to the performance of the primary index was the Japanese Yen, which appreciated 2.34 per cent last week.
The RXY weekly report analyses the performance of the Thomson Reuters-HKEX RMB Currency Index Series, which was launched in June. The RXY indices offer independent, transparent and timely benchmarks for the RMB against Mainland China’s most crucial trading partners’ currencies. The RXY indices are designed to be the basis for investment and trading products such as futures, options and exchange traded funds.
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