Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CNY Fixing Slightly Firmer

CNH

The USD/CNY fix printed at 6.8694, versus a Bloomberg consensus of 6.8708.

  • Today's outcome represents a -14pip surprise in USD/CNY terms. This compared with +5pips from Friday's session. The 5-day rolling sum of the error term is -32pips, slightly wider compared to Friday (-9pips).
  • USD/CNH is a touch lower in the first part of dealings today, last near 6.8800, after finishing last week around 6.8860. This is in line with a softer USD against the majors (albeit excluding the safe haven yen). As expected the 1yr and 5yr LPR rates were left unchanged.
93 words

To read the full story

Why Subscribe to

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.

The USD/CNY fix printed at 6.8694, versus a Bloomberg consensus of 6.8708.

  • Today's outcome represents a -14pip surprise in USD/CNY terms. This compared with +5pips from Friday's session. The 5-day rolling sum of the error term is -32pips, slightly wider compared to Friday (-9pips).
  • USD/CNH is a touch lower in the first part of dealings today, last near 6.8800, after finishing last week around 6.8860. This is in line with a softer USD against the majors (albeit excluding the safe haven yen). As expected the 1yr and 5yr LPR rates were left unchanged.