Free Trial

CNY Fixing - Steady Despite Firmer USD, Error Term Re-Widens

CNH

The USD/CNY fix printed at 7.1775, versus a Bloomberg consensus of 7.3172.

  • The USD/CNY fixing error has re-widened to -1397pips, compared to yesterday's -1170pips. On Tuesday this metric was -995pips.
  • The re-widening coincides with higher USD levels over recent sessions. The actual fixing is very close to yesterday's levels (7.1776).
  • USD/CNH is slightly lower in recent dealings, last near 7.3060, after opening closer to 7.3100. Broader USD momentum is slightly softer (BBDXY -0.07%), as US yields give back part of Thursday's gains in the first part of trade today.

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.