Free Trial

CNY Fixing - Still Stronger, But Lower Than Friday's Deviation

CNH

The USD/CNY fix printed at 7.1926, versus a Bloomberg consensus of 7.2122.

  • Today's outcome represents a -196pip downside surprise in USD/CNY terms. This is line with the trend since late June of stronger than expected fixing outcomes. Still, this compares with -401pips in terms of the surprise from last Friday's fixing.
  • USD/CNH is tracking slightly lower in latest dealings, near 7.2250, around session lows. Coming up shortly is the June inflation data.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.