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CNY Fixing - Sticking To Neutral Bias

CNH

The USD/CNY fix printed at 6.8942, versus a Bloomberg consensus of 6.8946.

  • Today's outcome represents a -4pip surprise in USD/CNY terms, so still sticking close to neutral relative to market expectations.
  • USD/CNH dipped towards 6.9100 earlier, but now sits closer to 6.9200. The pair is following USD/JPY to some extent as new BoJ Governor gives his confirmation hearing to the lcoal parliament. USD/JPY dipped towards 134.00 but is now back close too unchanged at 134.55/60.

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