ResearchGlobal2026-10-13
Euro firms against both yuan and dollar, repricing euro-settled resale cargoes
With EUR/CNY at 7.4805 and EUR/USD at 1.1175, euro-denominated resale landed costs need a reset; CIPS euro direct clearing drops the dollar leg.
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With EUR/CNY at 7.4805 and EUR/USD at 1.1175, euro-denominated resale landed costs need a reset; CIPS euro direct clearing drops the dollar leg.