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CNY Fixing - In Line With Expectations

CNH

The USD/CNY fixing printed at 7.1196, versus a Bloomberg consensus of 7.1195.

  • Today's fix represents a +1pip deviation in USD/CNY terms relative to expectations, so as expected essentially.
  • USD/CNH has traded with a softer bias in the first part of trade today, the pair last around 7.1200. We have May trade data coming up.

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