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CNY Fixing Remains Close To Neutral

CNH

The USD/CNY fixing printed at 6.9681, versus a Bloomberg consensus of 6.9691.

  • Today's outcome represents a -10pip surprise in USD/CNY terms. Yesterday's outcomes was +3pips.
  • The 5-day rolling sum of the fixing error term is -55pips, the narrowest spread on this metric since mid-November.
  • USD/CNH has tracked recent ranges, not getting too far away from the 6.9700 level (last 6.9685/90).

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