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USD/CNY Fixing - Error Term Narrows

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The USD/CNY printed at 7.1797, versus a Bloomberg consensus of 7.3030.

  • Today's fix represents a --1233pip surprise in USD/CNY terms. This is in from yesterday's record wide of -1517pips.
  • The actual fix is nearly 20pips higher than yesterday's outcome, but we remain sub the 7.1800 level.
  • USD/CNH is tracking lower in line with broader USD softness. The pair last near 7.3260. This is up from session lows near 7.3220. CNH is +0.15% higher for the session so far, but this is lagging broader USD trends (BBDXY -0.33%).
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The USD/CNY printed at 7.1797, versus a Bloomberg consensus of 7.3030.

  • Today's fix represents a --1233pip surprise in USD/CNY terms. This is in from yesterday's record wide of -1517pips.
  • The actual fix is nearly 20pips higher than yesterday's outcome, but we remain sub the 7.1800 level.
  • USD/CNH is tracking lower in line with broader USD softness. The pair last near 7.3260. This is up from session lows near 7.3220. CNH is +0.15% higher for the session so far, but this is lagging broader USD trends (BBDXY -0.33%).