Free Trial

CNY Fixing - Fixing Error Stays Close To Recent Wides

CNH

The USD/CNY fix printed at 7.1883, versus a Bloomberg consensus of 7.2826.

  • Today's fix represents a -943pip surprise in USD/CNY terms. This is similar levels to the past few sessions. For the past week the fixing error has been a cumulative --4815pips.
  • USD/CNH is a touch firmer in early dealings today, in line with further gains in the BBDXY (~0.1%). The pair last in the 7.2850/60 region, we were close to 7.2800 at the open. Some resistance has been evident ahead of 7.2900.

To read the full story

Close

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.