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USD/CNY Fixing Error Stays Wide

CNH

The USD/CNY fix printed at 7.9043, versus a Bloomberg consensus estimate of 7.1993.

  • Today's fix sees the error term stay wide at -1050pips, close to Friday's outcome. The actual fix was down slightly on Friday's outcome of 7.0943.
  • USD/CNH sits a touch above end Friday levels in recent dealing, last near 7.2075. We are outperforming the slightly stronger USD trend elsewhere though, particularly USD/JPY, which is making fresh highs.
  • Coming up shortly we have Feb activity data.

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