September 24, 2024 01:29 GMT
CNH: USD/CNY: Fixing Error Remains Steady
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The USD/CNY fixing printed at 7.0510, versus a Bloomberg consensus of 7.0516.
• The fixing error remains steady at -6pips in USD/CNY terms, vs -4pips on Monday.
• USD/CNH jumped on the back of the PBoC announcing it was cutting mortgage rates although we have since given back most of that move. The pair is now just 0.04% higher at 7.0627, after hitting an high of 7.0694.
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