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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.

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