Today's fixing outcome represents a +5pip surprise in USD/CNY terms. This compares with -4pips on Friday, so still very close to neutral from that standpoint.
The 5-day rolling sum of the error sits at -54pips.
USD/CNH is tracking higher in the first part of trade. We are around 6.8335/40, through highs from last Monday. This is fresh highs back to early Jan for the pair.

EM Bullet Fixed Income News Homepage Bullet Markets Emerging Markets News Foreign Exchange News

Jonathan Cavenagh

EM Bullet Fixed Income News Homepage Bullet Markets Emerging Markets News Foreign Exchange News

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CNY Fixing - Close To Neutral, USD/CNH Tracking Higher