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CNY Fixing - Slightly Firmer Trend Persists

CNH

The USD/CNY printed at 6.7674, versus a Bloomberg consensus of 6.7685.

  • Today's outcome represents a -11pip surprise in USD/CNY terms. Yesterday the fixing error was -33pips. The 5-day rolling sum of the fixing error has widened slightly to -60pips.
  • USD/CNH has tracked recent ranges through the first part of today's session. The pair last tracked just above 6.7700, slightly above NY closing levels for Wednesday.

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