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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCNY Fixing - Firmer Bias Steps Up
The USD/CNY fixing printed at 7.1091, versus a Bloomberg consensus of 7.1283.
- Today's outcome is a -192pip surprise in USD/CNY terms, against yesterday's outcome of -148pips.
- This brings the cumulative surprise for the last two sessions to -340pips, so a clear step up from where we were at the start of the week, which was closer to flat.
- This coincides with a renewed push higher in USD/CNY, with onshore spot back close towards 7.1600.
- USD/CNH hasn't reacted a great deal post today's fixing outcome. We are off earlier highs above 7.1500, last tracking close to 7.1450, but this is line with some USD softness against the majors.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.