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CNY Fixing - Close To Neutral ​​​​

CNH

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.
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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.