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CNY Fixing - Trend At Neutral

CNH

The USD/CNY fix printed at 6.8835, versus a Bloomberg consensus of 6.8843.

  • Today's fix represents a -8pip deviation in USD/CNY terms, similar to Friday's outcome of -7 pips. The rolling 5-day sum of the error term though remains very close to flat after today's result (-4pips).
  • USD/CNH has been slightly offered in the first part of trading, last under 6.8950, in line with some firmness from the majors against the USD, led by JPY.

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