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CNY Fixing - Close To Neutral


The USD/CNY fix printed at 6.8714, versus a Bloomberg consensus of 6.8711.

  • Today's fix is a +3pips surprise in USD/CNY terms, so very close to neutral. The rolling 5-day sum of the error term is back to -46pips (-63pips on Friday).
  • In terms of USD/CNH, we have drifted slightly higher today, but remain well within recent ranges, last just above 6.8700.

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