November 30, 2022 01:19 GMT
CNY Fixing - Close To Neutral
The USD/CNY fix printed at 7.1769, versus a Bloomberg consensus of 7.1778.
- Today's outcome is a -9pip surprise in USD/CNY terms, against yesterday's outcome of -84pips.
- This is a down step from the recent trends in terms of the fixing bias, but it does follow a strong past 24 hours for the China currency.
- USD/CNH has been slightly firmer in the first part of trading today. The pair last above 7.1500, around 0.15% above NY closing levels, despite a softer USD tone against the majors.
- The official PMI prints for November print soon.