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CNY Fixing Holds Steady

CNH

The USD/CNY fixing printed at 7.1792, versus a Bloomberg consensus of 7.3111.

  • Today's fix represents a -1319pip surprise in USD/CNY terms. This is slightly wider than Friday's -1281pip outcome.
  • The actual fixing is very close to Friday's level and remains wedged below the 7.1800 mark.
  • USD/CNH has drifted a little higher in the first part of trade, but has found some selling interest above 7.3300 in most recent dealings.

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