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CNY Fixing In Line With Expectations


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.

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