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USD/CNY Fixing Error Narrowest Since Mid August

CNH

The USD/CNY fix was 7.1752, against a Bloomberg consensus of 7.4252.

  • Today's fixing error was -700pips in USD/CNY terms. This is the narrowest fixing error since mid August. This largely reflects the sharply lower fixing estimate post the USD fall on Tuesday.
  • The actual fixing is only 16 pips yesterday's outcome (7.1768).
  • USD/CNH has pushed modestly higher in the first part of trade today. We were last above7.2630. Recent lows come in just under 7.2500.

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