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USD/CNY Fixing Error Back Above 7.1300, Error Term Re-Widens On USD Gains

CNH

The USD/CNY fixing printed at 7.1315, versus 7.2713 per the BBG consensus.

  • The fixing error re-widened to -1398pips in USD/CNY terms (against -1293pips yesterday). This fits with a stronger USD backdrop.
  • The actual fix is back above 7.1300, but sub recent highs (7.1342, recorded on July 10).
  • USD/CNH has drifted a little higher this morning, although isn't too far away from 7.2800 in recent dealings. The broader USD trend is mostly positive, although yen is outperforming.

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