Free Trial
CHINA RATES

China Repo Rates Diverge On Friday

US TSYS

Looking Though China PMIs

AUSSIE BONDS

AOFM Weekly Issuance Slate

CHINA DATA

PMI Prints Weaker In Aggregate For September

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 - Modest Lean Against Depreciation Pressures

CNH

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.
98 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 6.7863, 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.