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CNY Fixing - Slightly Firmer

CNH

The USD/CNY fixing printed at 6.9156, versus a Bloomberg consensus of 6.9174.

  • Today's fixing was a -18pips surprise in USD/CNY terms. Yesterday's outcome was -8pips. Today's fixing error is slightly wider than recent history but not by a large margin.
  • The 5-day rolling sum of the error term is slightly wider at -45pips.
  • USD/CNH has been steady in the first part of trade, holding close to the 6.9500 level, little changed from NY closing levels. Coming up later today is China trade figures.

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