June 06, 2024 01:19 GMT
USD/CNY Fixing Back Above 7.1100, Error Term Steady
CNH
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The USD/CNY fixing printed at 7.1108, versus a Bloomberg consensus of 7.2434.
- Today's outcome sees a -1326pip error term in USD/CNY terms, very close to yesterday's outcome. The actual fix, while back above 7.1100, is just below recent highs (7.1111).
- USD/CNH is down slightly in the first part of trade, in line with broader USD softness, albeit lagging these broader shifts in beta terms. The pair last near 7.2550.
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