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CNH: USD/CNY Fixing Edges Lower, Fixing Error Slightly Tighter

CNH

The USD/CNY fix printed at 7.1877, versus a BBG consensus of 7.2409. 

  • The fixing error tightening slightly to -532pips, from -607pips yesterday.
  • USD/CNH is lower, a little under 7.2400 at this stage. Broader USD sentiment is weaker, particularly against the yen.
  • As is usually the case, CNH beta with respect to such moves is modest. 
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The USD/CNY fix printed at 7.1877, versus a BBG consensus of 7.2409. 

  • The fixing error tightening slightly to -532pips, from -607pips yesterday.
  • USD/CNH is lower, a little under 7.2400 at this stage. Broader USD sentiment is weaker, particularly against the yen.
  • As is usually the case, CNH beta with respect to such moves is modest.