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USD/CNY Fix Close To Unchanged, Error Term Narrows

CNH

The USD/CNY fixing error printed at 7.1265, versus a Bloomberg consensus of 7.2566.

  • Today's fixing error narrowed to -1301pips in USD/CNY terms, from -1417pips on Friday.
  • The actual fix is only a touch below Thursday highs of 7.1270.
  • USD/CNH has had a relatively steady start today, the pair finding selling interest above 7.3000. Coming up in a little while we have the Caixin manufacturing PMI print.

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