Free Trial
GILT TECHS

(Z2) Bull Flag Confirmed

CROSS ASSET

China Tweaks ZCS, Risk-Positive Flows Ensue

LOOK AHEAD

UK Timeline of Key Events (Times GMT)

LOOK AHEAD

Eurozone Timeline of Key Events (Times GMT)

GBPUSD TECHS

Bullish Price Sequence

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CNY Fixing Bias Firms Again

CNH

The USD/CNY fix printed at 7.1102, versus a Bloomberg consensus of 7.1831.

  • Today's outcome pushes the fixing error (in USD/CNY terms) back out to -729pips. This is below recent wides, but well beyond yesterday's outcome of -444pips.
  • The fixing was also set slightly below yesterday's outcome of 7.1107.
  • The market reaction has been to push USD/CNH back down through 7.1800. We were above 7.1850 just prior to the fix.
  • We touched a low of just under 7.1750, but there hasn't been a great deal of follow through beyond that (last around 7.1785) at the time of writing.
97 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The USD/CNY fix printed at 7.1102, versus a Bloomberg consensus of 7.1831.

  • Today's outcome pushes the fixing error (in USD/CNY terms) back out to -729pips. This is below recent wides, but well beyond yesterday's outcome of -444pips.
  • The fixing was also set slightly below yesterday's outcome of 7.1107.
  • The market reaction has been to push USD/CNH back down through 7.1800. We were above 7.1850 just prior to the fix.
  • We touched a low of just under 7.1750, but there hasn't been a great deal of follow through beyond that (last around 7.1785) at the time of writing.