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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 Bias Returns To Recent Wides
The USD/CNY fixing printed at 7.1638 versus a Bloomberg consensus of 7.2481.
- Today's outcome represents a surprise of -843pips in USD/CNY terms. This is step up on yesterday's outcome of -530pips, although we are away from recent record wides (-950pips on the 20th of October).
- Note the upside limit for onshore spot today is around 7.3071, so slightly lower than yesterday's ceiling, as today's fixing outcome is a touch lower (7.1668 was yesterday's print).
- USD/CNH has been on the front foot for much of the session, but is now lower post the fix. We printed a high just above 7.3400, but we are now back to the low 7.3200 region.
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.