Free Trial

CNY Fixing Slight Downside Surprise

CNH

The USD/CNY fix printed at 6.7437, versus a market estimate of 6.7422.

  • Today's fix is a +15pip surprise in USD/CNY terms, following yesterday's outcome which showed only a +2pip deviation. The general trend remains for upside surprises with 7 out of the last 10 sessions exhibiting this trait.
  • Still, the 5-day rolling sum of the error term remains a modest +31 pips, versus +30 pips yesterday.
  • USD/CNH has been range bound today, not drifting too far away form 6.7450 in the early part of 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.