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CNY Fixing Remains Sub 7.2000, Error Term At -955pips

CNH

The USD/CNY fix printed at 7.1988, versus a Bloomberg consensus of 7.2943.

  • Today's outcome is an -955pip surprise in USD/CNY terms. This compares with yesterday's -1111pip outcome, which was a fresh record wide. Today's fix is very close to yesterday's 7.1992 and we remain sub 7.2000 for the fixing outcome for the third straight session.
  • USD/CNH has traded with a softer tone in early dealings today, as USD sentiment has weakened against the majors. The pair was last under 7.3000 (tracking near 7.2990). Earlier highs were at 7.3075.

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