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USD/CNY Fixing Drifts A Touch Lower

CNH

The USD/CNY fixing printed at 7.1773, versus a Bloomberg consensus of 7.2826.

  • Today's outcome represents a fixing error of -1053pips in USD/CNY terms, slightly tighter than yesterday's -1073pip outcome.
  • Today's actual fixing is the lowest since late September but only 3pips sub yesterday's print.
  • USD/CNH has drifted a touch lower in early trade today, but remains close to 7.2800.

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