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CNH: USD/CNY Fixing Error Remains Wide

CNH

The USD/CNY fix printed at 7.1942, versus a Bloomberg consensus of 7.2497. 

  • The fixing error is slightly wider than yesterday's -539pips outcome, printing at -555pips today.
  • The actual fixing remains sub recent highs and the bias appears to be to keep the fix sub 7.2000.
  • The USD/CNH steady is quite steady today, we were little changed at 7.2540 in latest dealings. Earlier highs were at 7.2570. 
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The USD/CNY fix printed at 7.1942, versus a Bloomberg consensus of 7.2497. 

  • The fixing error is slightly wider than yesterday's -539pips outcome, printing at -555pips today.
  • The actual fixing remains sub recent highs and the bias appears to be to keep the fix sub 7.2000.
  • The USD/CNH steady is quite steady today, we were little changed at 7.2540 in latest dealings. Earlier highs were at 7.2570.