Free Trial

CNY Fixing - At Neutral

CNH

The USD/CNY fix printed at 6.8949, versus a Bloomberg consensus of 6.8946.

  • Today's fix represents a +3pip surprise in USD/CNY terms. Note yesterday we were at +9pips, so positive but still very close to neutral.
  • The rolling 5-day sum of the error term is edging up slightly to -57pips, versus -78pips yesterday.
  • USD/CNH is slightly higher in the first part of trade today, +0.1% above NY closing levels to be back near 6.8600, which is in line with broader USD gains seen against the majors.

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.