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CNY Fixing - Fixing Error Consistent With Recent Outcomes

CNH

The USD/CNY fix printed at 7.1874, versus a Bloomberg consensus of 7.2754.

  • Today's fix represents a -880pip surprise in USD/CNY terms, slightly narrower than yesterday's -914pip outcome. Monday's surprise was -866pips, so we are quite close to that.
  • USD/CNH has tracked lower in the first part of dealing, getting to a low of 7.2608. We sit slightly higher in latest dealings, the pair near 7.2680. Broader USD sentiment is softer, as US yields have pulled back.

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