Free Trial

USD/CNY Fixing Down Modestly, Error Term Narrows

CNH

The USD/CNY fix printed at 7.1018, versus a Bloomberg consensus of 7.1259.

  • Today's fix is slightly below yesterday's outcome of 7.1031. The fixing error narrowed to -241pips, but this was more reflective of the lower market fixing estimate.
  • USD/CNH is a touch higher post the fix. We were last near 7.1400, against earlier lows near 7.1350.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.