Free Trial

USD/CNY Fixing Edges Down, Error Term Steady

CNH

The USD/CNY fix printed at 7.0966, versus a Bloomberg consensus of 7.1314.

  • Today's fix represents a modest downtick from yesterday's 7.0982 outcome. The USD/CNY fixing error was relatively steady at -348pips.
  • USD/CNH has drifted a little higher in the first part of Wednesday dealing. We sit near 7.1290 in latest dealings, after opening closer to 7.1200.
  • As widely expected, the LPRs were left unchanged for both the 1yr and 5yr tenors.

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.