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USD/CNY Fixing - Error Term Re-Widens

CNH

The USD/CNY fix printed at 7.1771, versus the 7.2947 Bloomberg consensus.

  • Today's fixing represents a -1176pip error term in USD/CNY terms. This compares with -949pips yesterday.
  • The actual fixing was set a touch lower than yesterday's outcome (7.1772). This comes despite broader USD strength in the past 24 hours.
  • USD/CNH is a touch lower post the fixing result. From highs near 7.3025, we now sit back near 7.3000.

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