Free Trial

CNY Fixing In Line With Expectations

CNH

The USD/CNY fix printed at 6.7695, versus a market estimate of 6.7693.

  • Today's fix is very close to market expectations. The 5-day rolling sum of the error term has moved back down to +9pips today from +18pips on Friday.
  • On Tuesday of last week this metric was +54pips, so we have seen some step back over recent sessions.
  • USD/CNH has edged higher in the first bit of trading this week, but we remain sub 6.7700 for now (last at 6.7675). The tone for the USD has been firmer against the G10 majors, although we are away from best levels for the dollar.

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.