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CNY Fixing: Still Close To Neutral

CNH

The USD/CNY fix printed at 6.9158, versus a Bloomberg consensus of 6.9150.

  • Today's outcome represents a +8pip surprise in USD/CNY terms. This reverses Friday's -7pip outcome, to leave the fixing bias at neutral for the past two sessions.
  • USD/CNH has traded with a slightly firmer tone today. We got to a high of 6.9264, but now sit back at 6.9230/40, little change for the session. The earlier spike coincided with USD/JPY moving above 135.00, before offers emerged.

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