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CNY Fixing - Close To Late September Outcome.

CNH

The USD/CNY fix printed at 7.1789, versus a Bloomberg consensus of 7.2975.

  • Today's fixing level is very similar to the one delivered on the 28th of September (7.1798), which was the last fixing prior to the Golden Week holiday period.
  • The fixing error for today was -1186pips in USD/CNY terms. The prior result was -1426pips.
  • USD/CNH has pushed higher in recent dealings. The pair opened near 7.3070, but we last tracked near 7.3150 (highs for the session sit at 7.3192). Broader USD sentiment is firmer as risk aversion takes hold post the weekend Hamas attack on Israel.

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