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CNY Fixing - Actual Fixing Very Close To Monday's Level

CNH

The USD/CNY fix printed at 7.1796, versus a Bloomberg consensus of 7.3028.

  • Today's fix represents a -1232pip surprise in USD/CNY terms. This isn't too far away from yesterday's -1297pip outcome.
  • The actual fixing was only a touch lower than Monday's outcome (7.1798).
  • USD/CNH has tracked a little higher in the first part of dealing today. The pair last near 7.3140. Earlier highs were at 7.3165, amid a firmer USD backdrop against the majors. Monday highs were close to 7.3200.

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