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CNY Fixing - In Line​​​​​​​​​

CNH

The USD/CNY fix printed at 7.0760, versus a Bloomberg consensus of 7.0756.

  • Today's fixing represents a +4pip surprise in USD/CNY terms. This follows the past week's pattern of close to in line fixing outcomes. The cumulative 5-day fixing error stands at +13pips.
  • The initial reaction in USD/CNH hasn't been large. We got to fresh highs of 7.0986 earlier, but we now sit back around the 7.0840/50 region, with the post fixing move in the pair back above 7.0900 sold by the market.

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