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CNY Fixing - Fixing Error Remains Beyond -900pips


The USD/CNY fix printed at 7.1851, versus a Bloomberg consensus of 7.2764.

  • Today's fixing is an -913pip surprise in USD/CNY terms. The compares with yesterday's -989pip outcome. So slightly tighter, but still reasonably close to recent fixing error outcomes. The past 5 sessions has seen a cumulative -4726pips in terms of the error.
  • USD/CNH is a touch higher in early dealings but has found some selling interest above 7.2950. The pair last tracked close to 7.2930.

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