Free Trial

CNY Fixing - Slightly Firmer, But Trend Still Close to Neutral

CNH

The USD/CNY fix printed at 6.9519, versus a Bloomberg consensus of 6.9533.

  • Today's fix represents a -14pip surprise in USD/CNY terms. This is slightly wider compared to recent outcomes, but not by a significant margin.
  • The rolling 5-day sum of the fixing error term is back to -13pips, we were at -11pips yesterday. So, this doesn't change the trend from that standpoint.
  • USD/CNH is up slightly from session lows. The pair was last in the 6.9615/20 range, against earlier lows near 6.9580.

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.