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


The USD/CNY fixing printed at 6.8151, versus a Bloomberg consensus of 6.8146.

  • 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.

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