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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.
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Free AccessCNY Fixing - Back Close To Neutral
The USD/CNY fix printed at 6.9117, versus a Bloomberg consensus of 6.9112.
- Today's outcome represents a +5pip surprise, which compares with yesterday's outcome of -13pips. The rolling 5-day sum of the error term is -30pips, versus -40pips on this metric yesterday.
- USD/CNH has been offered in the first part of trade, the pair touching making fresh lows sub 6.9000 at the time of writing. This is around 0.35% firmer in CNH terms versus NY closing levels.
- The fixing result caused a brief move higher in the pair, but this has been sold into by the market.
To read the full story
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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.