Free Trial

CNY Fixing - Trend Back Close To Neutral

CNH

The USD/CNY fix printed at 6.8519, versus a Bloomberg consensus of 6.8508.

  • Today's fixing represents a +11pip surprise in USD/CNY terms. This compares with -6pips yesterday.
  • The 5-day rolling sum of the error term is now at -13 pips, down from -31pips yesterday.
  • Fixing outcomes remain close to neutral, with evident push back even as USD/CNY gravitates higher. This is mainly a USD trend though, with the CNY NEER rising in recent sessions.
  • USD/CNH is range bound so far today, last around 6.8630/35, unchanged for the session.

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.