Free Trial

CNY Fixing - Stronger Than Forecast, Fixing Error Near -500pips.

CNH

The USD/CNY fix printed at 7.1587, versus a 7.2078 Bloomberg consensus.

  • Today's outcome represents a -491pip surprise in USD/CNY terms. This is slightly wider than yesterday's -454pip outcome, but tighter than Wednesday's -548pips. The last 5 sessions have delivered a cumulative fixing error of -2085pips.
  • USD/CNH is drifting lower in in recent dealings, the pair last near 7.2340, around ~0.10% sub Thursday NY closing levels. This is line with the majors, where the USD index is down from earlier session highs.

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.