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CNY Fixing In Line With Expectations

CNH

The USD/CNY fix printed at 6.7636, versus a market estimate of 6.7638.

  • Today's fix is in line with market expectations, which comes after a general trend of firmer than expected outcomes from a USD/CNY standpoint.
  • The 5-day rolling sum of the error term eased back to +44pips today from +48pips yesterday.
  • USD/CNH is drifting lower in early trade today, back sub 6.7600, last trading at 6.7570. Support has been evident ahead of 6.7500 in recent sessions, so watch this level on the downside. Broader USD sentiment is softer amongst the majors.
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The USD/CNY fix printed at 6.7636, versus a market estimate of 6.7638.

  • Today's fix is in line with market expectations, which comes after a general trend of firmer than expected outcomes from a USD/CNY standpoint.
  • The 5-day rolling sum of the error term eased back to +44pips today from +48pips yesterday.
  • USD/CNH is drifting lower in early trade today, back sub 6.7600, last trading at 6.7570. Support has been evident ahead of 6.7500 in recent sessions, so watch this level on the downside. Broader USD sentiment is softer amongst the majors.