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CNH: USD/CNY Fixing Up But Still Sub 7.2000, Fixing Error Widens

CNH

The USD/CNY fixing printed at 7.1982, versus a Bloomberg consensus of 7.2540.

  • Today's fixing error is -558pips, a fresh wide for recent weeks, but still comfortably sub wides for 2024.
  • The actual fix is still sub recent highs and remains south of the 7.2000 level.
  • USD/CNH has been relatively steady today, last near 7.2580, little changed for the session. It is underperforming softer USD trends in terms of the majors. USD/JPY is back sub 152.80. 

 

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The USD/CNY fixing printed at 7.1982, versus a Bloomberg consensus of 7.2540.

  • Today's fixing error is -558pips, a fresh wide for recent weeks, but still comfortably sub wides for 2024.
  • The actual fix is still sub recent highs and remains south of the 7.2000 level.
  • USD/CNH has been relatively steady today, last near 7.2580, little changed for the session. It is underperforming softer USD trends in terms of the majors. USD/JPY is back sub 152.80.