May 27, 2024 01:30 GMT
USD/CNY Fixing Back Below 7.1100
CNH
The USD/CNY fixing was set at 7.1091, against a Bloomberg consensus of 7.2367.
- The fixing error was -1276pips in USD/CNY terms. The actual fix was a touch below Friday's print and still near fresh highs.
- USD/CNH had been trading above 7.2600 prior to the fixed, however we have dropped about 40pips since the release. We continue to hold above all major moving averages.
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