Free Trial

USD/CNY Fixing Error Back Close To Neutral

CNH

The USD/CNY fix printed at 7.1216, against a Bloomberg consensus of 7.1222.

  • This shifts the fixing error back to slightly negative, -6pips in USD/CNY terms. This comes after two positive reads for Monday and Tuesday fixings.
  • USD/CNH has drifted a little higher since the open, but only as far as 7.1260 in latest dealings. A slight uptick in USD trends against the majors, particularly the yen, is a likely driver.
69 words

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.

The USD/CNY fix printed at 7.1216, against a Bloomberg consensus of 7.1222.

  • This shifts the fixing error back to slightly negative, -6pips in USD/CNY terms. This comes after two positive reads for Monday and Tuesday fixings.
  • USD/CNH has drifted a little higher since the open, but only as far as 7.1260 in latest dealings. A slight uptick in USD trends against the majors, particularly the yen, is a likely driver.