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CNY Fixing - Back Closer To Neutral

CNH

The USD/CNY fix printed at 6.8715, versus a Bloomberg consensus of 6.8721.

  • Today's outcome is a -6pips downside surprise in USD/CNY terms. This compares with -35pips yesterday. The 5-day rolling sum of the error term sits back at -60pips, versus -70pips yesterday.
  • USD/CNH is a touch higher in the first part of trading today, last around 6.8800, but remains well within recent ranges.

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