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USD/CNY Fixing & Error Term Little Changed

CNH

The USD/CNY fix printed at 7.1318, versus a Bloomberg consensus of 7.2646.

  • The fixing error in USD/CNY terms was -1328pips versus -1363 yesterday. The actual fix was set down -10pips versus Tuesday's outcome, hence little changed.
  • Early USD/CNH trends are relatively steady in early Wednesday trade, we sit under 7.2900, little changed from end NY levels.

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