June 30, 2022 01:27 GMT
The USD/CNY fixing printed at 6.7114, versus a market estimate of 6.7104.
- Today's fixing is a modest +10pip surprise in USD/CNY terms, continuing the recent trend of modest positive surprises this week.
- The 5-day rolling sum of the error term is back to +15pips from flat yesterday. The 10-day rolling of the error term is almost back to flat as well (latest at -2pips).
- USD/CNH has edged a little higher in trading today, although remains sub 6.7100 for now.
- Coming up shortly is the official PMI prints, where the market expects both manufacturing and non-manufacturing indices to move back into expansion territory.