Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CNY Fixing Back To A Slightly Weaker Bias

CNH

The USD/CNY fix printed at 6.7584, versus a market estimate of 6.7567.

  • Today's fix is a slight upside surprise of +17 pips in USD/CNY terms. This is the firmest fix, relative to expectations, since July 12th, when we had a slightly larger surprise at +18pips, so today's outcome is high relative to recent history.
  • Still, the 5-day rolling sum of the error term has only moved back down to +13pips today from +9pips yesterday. This leaves the overall trend fairly mild.
  • USD/CNH has edged higher today, as risk appetite has been slightly softer amongst the majors, with yen outperforming. The pair was last tracking just above 6.7630. The fixing hasn't produced an impact on sentiment though.
116 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The USD/CNY fix printed at 6.7584, versus a market estimate of 6.7567.

  • Today's fix is a slight upside surprise of +17 pips in USD/CNY terms. This is the firmest fix, relative to expectations, since July 12th, when we had a slightly larger surprise at +18pips, so today's outcome is high relative to recent history.
  • Still, the 5-day rolling sum of the error term has only moved back down to +13pips today from +9pips yesterday. This leaves the overall trend fairly mild.
  • USD/CNH has edged higher today, as risk appetite has been slightly softer amongst the majors, with yen outperforming. The pair was last tracking just above 6.7630. The fixing hasn't produced an impact on sentiment though.