August 17, 2022 01:25 GMT
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The USD/CNY fix printed at 6.7863, versus a market estimate of 6.7877.
- Today's fix is another slight downside surprise of -14pips in USD/CNY terms, which follows yesterday's -6pip outcome.
- These outcomes aren't large surprises but show somewhat of a shift from recent fixing outcomes. Today's -14 pip surprise is still the largest downside miss since 19th of July.
- The rolling 5-day sum of the fixing error is back to +5bps. We were at +48pips on this metric at the start of the week.
- USD/CNH dipped to the low 6.7900 region, but we are back closer to 6.7940 now.