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CNH: USD/CNY Fixing Back Close To Neutral

CNH

The USD/CNY fixing printed at 7.0925, versus 7.0921 per the Bloomberg consensus estimate. 

  • Today's fixing delivers us a close to neutral outcome in terms of the fixing error. This follows yesterday's modest surprise, which pushed USD/CNH lower.
  • USD/CNH is relatively steady in the first part of Friday trade, sitting under 7.0900 and not showing a large reaction to the fixing. 

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