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CNH: USD/CNY Fixing Holds Close To Neutral

CNH
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The USD/CNY fix printed at 7.0531, versus a Bloomberg consensus of 7.0535.

  • Today's fix is close to neutral, keeping with the pattern from late last week. This suggests little push back against recent CNY gains, although equally not encouraging further positive momentum either.
  • USD/CNH has been relatively steady to start today's session. The pair last near 7.0440. The CNH is continuing to outperform the yen, which is down a further 0.30% so far today. 
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The USD/CNY fix printed at 7.0531, versus a Bloomberg consensus of 7.0535.

  • Today's fix is close to neutral, keeping with the pattern from late last week. This suggests little push back against recent CNY gains, although equally not encouraging further positive momentum either.
  • USD/CNH has been relatively steady to start today's session. The pair last near 7.0440. The CNH is continuing to outperform the yen, which is down a further 0.30% so far today.