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USD/CNY Fixing Error A Touch Tighter

CNH

The USD/CNY fix printed at 7.1011, versus a Bloomberg consensus of 7.2128.

  • Today's fix saw a slightly tighter fixing error at -1117pips in USD/CNY terms, versus -1187 yesterday.
  • The actual fix was down slightly on yesterday's outcome (7.1028), but we remain within recent ranges.
  • USD/CNH sits a touch higher in the first part of Friday trade, last near 7.2265. Broader USD sentiment is a touch firmer against the majors. Headlines also crossed earlier from BBG that the Biden Administration may raise tariffs on certain China sectors (including EVs) next week.

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