Free Trial

​CNY Fixing - In Line Again ​​

CNH

The USD/CNY fix printed at 7.1280, versus a Bloomberg consensus of 7.1282.

  • This is very close to market expectations and a neutral outcome. This is similar to yesterday's outcome. The 5-day rolling sum of the error terms sits at -23pips, close to recent levels.
  • USD/CNH hasn't reacted a great deal to the fixing outcome. The pair last in the 7.1450/60 region, slightly below NY closing levels, as broader USD sentiment has softened against the majors so far today.

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.