May 17, 2024 01:26 GMT
USD/CNY Fixing Error Re-Widens
CNH
The USD/CNY fixing printed at 7.1045, versus a Bloomberg consensus of 7.2215.
- The fixing error re-widened to -1170pips in USD/CNY terms (from -996pips yesterday).
- The actual fix rose on yesterday's outcome (7.1020), but we remain within recent ranges.
- USD/CNH is higher this morning, last near 7.2280. Broader USD sentiment is firmer, while yen has weakened by around 0.30%.
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