US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

CNH: USD/CNY Fixing Error Widens A Touch

CNH
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The USD/CNY fix printed at 7.1911, against a BBG consensus of 7.2326.
  • Today's fix leaves the USD/CNY fixing error at -415pips. We were at -319pips on Monday, so a touch wider, although still tighter than friday's print of -479pips.
  • The actual fixing sits away from the 7.2000 for now.
  • USD/CNH is weaken heading into the close overnight, as the USD traded broadly weaker. The pair has edge up slightly this morning however still trades near the overnight lows, and towards the bottom of the weekly ranges, with 7.2300 activing as key support for the moment.
92 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 fix printed at 7.1911, against a BBG consensus of 7.2326.
  • Today's fix leaves the USD/CNY fixing error at -415pips. We were at -319pips on Monday, so a touch wider, although still tighter than friday's print of -479pips.
  • The actual fixing sits away from the 7.2000 for now.
  • USD/CNH is weaken heading into the close overnight, as the USD traded broadly weaker. The pair has edge up slightly this morning however still trades near the overnight lows, and towards the bottom of the weekly ranges, with 7.2300 activing as key support for the moment.