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USD/CNY Fixing Close To Steady

CNH
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The USD/CNY fix printed at 7.1048, versus a Bloomberg consensus of 7.2361.

  • Today's outcome is close to unchanged versus yesterday's fixing outcome (7.1059). The fixing error in USD/CNY terms was -1313, slightly tighter than yesterday's -1385pips.
  • SAFE, China's FX regulator vowed to strengthen FX supervision in earlier commentary in the onshore People's Daily (see this link for more details).
  • USD/CNH has reacted a great deal to the fix, we sit just under 7.2600 in recent dealings. The risk on tone to FX markets hasn't been seen in CNH so far today.
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The USD/CNY fix printed at 7.1048, versus a Bloomberg consensus of 7.2361.

  • Today's outcome is close to unchanged versus yesterday's fixing outcome (7.1059). The fixing error in USD/CNY terms was -1313, slightly tighter than yesterday's -1385pips.
  • SAFE, China's FX regulator vowed to strengthen FX supervision in earlier commentary in the onshore People's Daily (see this link for more details).
  • USD/CNH has reacted a great deal to the fix, we sit just under 7.2600 in recent dealings. The risk on tone to FX markets hasn't been seen in CNH so far today.