May 28, 2024 01:21 GMT
USD/CNY Fixing & Error Term Maintain Recent Ranges
CNH
The USD/CNY fix printed at 7.1101, versus a Bloomberg consensus of 7.2421.
- Today's outcome saw a -1320pip fixing error in USD/CNY terms. The actual fix nudged back higher a touch, but remains below the high from last Friday.
- This leaves the fixing error and the actual fix within recent ranges.
- USD/CNH has drifted a touch higher post the fixing, but found selling interest above 7.2600. This is modestly underperforming the softer USD trend against the majors.
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