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USD/CNY Fixing & Error Term Narrows

CNH

The USD/CNY fix printed at 7.0949, versus a Bloomberg consensus estimate of 7.2299.

  • Today's fix is close to yesterday's outcome, while the fixing error narrowed to -1350pips, versus -1416pips yesterday.
  • USD/CNH has edged slightly higher today after breaking back below 7.2600 on stronger than expected US Job openings and factory orders on Tuesday, the pair has been recovering Tuesdays losses throughout the morning and now trades at 7.2585, after making a low of 7.2522.

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