The TR/HKEX RXY Global CNH index moved to 96.07 with a 0.91 per cent increase last week, according to the second issue of the TR/HKEX RMB Currency Indices (RXY) weekly report. Meanwhile, the People’s Bank of China’s USD/CNY fixing moved to 6.6669 with a 0.20 per cent decrease.
The RXY weekly report analyses the performance of the Thomson Reuters-HKEX RMB Currency Index Series, which was launched last month. The RXY indices offer independent, transparent and timely benchmarks for the RMB against Mainland China’s most important 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.
Here’s 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 EUR, which depreciated 0.97 per cent last week.
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