CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CNH: USD/CNY Fixing Bias Shifts Back Into Negative Territory

CNH
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The USD/CNY fixing printed at 7.1182, versus a consensus estimate of 7.1201 (BBG). 

  • The fixing error has flipped back to a modest negative bias, with -19pips in USD/CNY terms.
  • This follows a move higher in USD/CNH in recent sessions.
  • USD/CNH is sitting at 7.1350 in early Wednesday dealings, little changed for the session. Market focus is on the US Presidential debate. there haven't been any dramatic shifts in election odds so far. 
72 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The USD/CNY fixing printed at 7.1182, versus a consensus estimate of 7.1201 (BBG). 

  • The fixing error has flipped back to a modest negative bias, with -19pips in USD/CNY terms.
  • This follows a move higher in USD/CNH in recent sessions.
  • USD/CNH is sitting at 7.1350 in early Wednesday dealings, little changed for the session. Market focus is on the US Presidential debate. there haven't been any dramatic shifts in election odds so far.