Free Trial

CNY Fixing - Slightly Firmer Bias

CNH

The USD/CNY fix printed at 6.8699, versus a Bloomberg consensus of 6.8720.

  • Today's fix represents a -21pip surprise in USD/CNY terms. This compares with yesterday's +3pip outcome. Still, the 5-day rolling sum of the fixing error term is unchanged at -40pips.
  • USD/CNH was offered earlier. We got to a low of 6.8712, but now sit back around 6.8760, basically unchanged for the session. The rebound has coincided with a firmer USD backdrop against the majors, as US yields have ticked higher.

To read the full story

Close

Why 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.