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CNY Fixing - Error Terms Widnes, Fixing Back Sub 7.1900

CNH

The USD/CNY fix printed at 7.1894, versus a Bloomberg consensus of 7.2808.

  • Today's fix represents an -914pip surprise in USD/CNY terms. This is slightly wider than yesterday's outcome of -866pips, but remains away from Monday's record wide of -1243pips.
  • The actual fixing was comfortably below yesterday's 7.1986 outcome.
  • USD/CNH sits below session highs post the CNY fixing. We were last near 7.3000, earlier highs were close to 7.3060. USD trends are mixed. EUR/USD is higher, last near 1.0765, post an earlier hawkish news wire ECB report, but yen is softer (back aboe 147.00).

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