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CNY Fixing - Still Close To Expectations


The USD/CNY fix printed at 7.0821, versus a Bloomberg consensus of 7.0824.

  • Today's fixing represents a -3pip deviation in USD/CNY terms, continuing the recent run of close to expected fixing outcomes.
  • USD/CNH has had a range bound start to the session. Dips sub 7.0900 have been supported, the pair last 7.0920/30. Coming up is the official PMI prints for May.

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