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CNH: USD/CNY Fixing Slightly Below Estimates

CNH

The USD/CNY fixing printed at 7.0731, versus the Bloomberg consensus of 7.0749. 

  • Today's fixing is another downside modest surprise (-18pips in USD/CNY terms).
  • USD/CNH is down slightly in early trade today. We were last 7.0820, in line with a slightly softer USD trend against the majors. 
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The USD/CNY fixing printed at 7.0731, versus the Bloomberg consensus of 7.0749. 

  • Today's fixing is another downside modest surprise (-18pips in USD/CNY terms).
  • USD/CNH is down slightly in early trade today. We were last 7.0820, in line with a slightly softer USD trend against the majors.