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CNY Fixing - Still Under 7.1800, Fixing Error Widens Slightly

CNH

The USD/CNY fix printed at 7.1795, versus a Bloomberg consensus of 7.3085.

  • Today's fix represents a -1290pip surprise in USD/CNY terms, slightly wider than yesterday's -1232 outcome.
  • The actual fix remains wedged just under the 7.1800 level. Note the upside cap for USD/CNY spot today is 7.3231.
  • USD/CNH has tracked a little lower in early dealings today's last under 7.3220. This is bucking the broader USD trend, which is firmer amid weaker US equity futures. Still, USD/JPY is slightly lower.
  • Coming up in around 40mins is Q3 GDP and September activity prints.

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