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CN Y Fixing - In Line

CNH

The USD/CNY fix printed at 7.0575, versus a Bloomberg consensus of 7.0580.

  • Today's fixing outcome represents a -5pip surprise in USD/CNY terms. This compares with Friday's outcome of +4pips, but the fixing outcome clearly remains close to neutral at this stage.
  • USD/CNH has drifted a touch higher in early dealings today, but has found selling interest above 7.0800. The pair last tracked in the 7.0760/70 region.

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