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USD/CNY Fixing - Close To Steady

CNH

The USD/CNY fixing printed at 7.1082, versus a Bloomberg consensus of 7.2025.

  • The USD/CNY fixing error narrowed slightly to -943pips, from -983pips yesterday.
  • The actual fix was only 12 pips above yesterday's outcome of 7.1070.
  • USD/CNH has drifted lower in the first part of trade, last near 7.2130/40, in line with modest USD softness against the majors. Lower US yields since the open has weighed on USD sentiment.

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