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CNY Fixing - Fixing Error Remains Close To Recent Prints

CNH

The USD/CNY fix printed at 7.1816, versus a Bloomberg consensus of 7.2741.

  • Today's fix represents a -925pip surprise in USD/CNY terms. This compares with yesterday's -913pip outcome. The 5-day rolling sum of the fixing is close to -4700pips.
  • USD/CNH has seen a modest upside bias in early dealings today, last near 7.2860. Earlier lows were at 7.2816. Broader USD sentiment is slightly firmer, the BBDXY +009% at this stage.

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