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CNY Fixing - Sticking Close To Neutral

CNH

The USD/CNY fix printed at 6.9375, versus a Bloomberg consensus of 6.9366.

  • Today's fix represents a +9pip surprise in USD/CNY terms. Last Friday's outcome was -12pips for this metric. The rolling 5-day sum of the error term sits at -78pips.
  • USD/CNH is up from session lows near 6.9000. The pair was last around 6.9100, still around 0.4% firmer for the session in CNH terms. USD losses have been pared elsewhere, which fits with higher USD/CNH levels.

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