Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CNY Fixing - Still Close To Neutral Bias

CNH

The USD/CNY fixing printed at 7.1281, versus a Bloomberg consensus of 7.1274.

  • Today's outcome represents a +7pip surprise (in USD/CNY terms), which compares to -7pips yesterday.
  • The recent bias has been roughly neutral from a fixing standpoint.
  • USD/CNH was weaker in early trade, dipping sub 7.1300, but we are now back close to 7.1450. Covid developments have been in the form of ramped up PCR testing requirements across a number of cities.
72 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The USD/CNY fixing printed at 7.1281, versus a Bloomberg consensus of 7.1274.

  • Today's outcome represents a +7pip surprise (in USD/CNY terms), which compares to -7pips yesterday.
  • The recent bias has been roughly neutral from a fixing standpoint.
  • USD/CNH was weaker in early trade, dipping sub 7.1300, but we are now back close to 7.1450. Covid developments have been in the form of ramped up PCR testing requirements across a number of cities.