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USD/CNY Fixing & Error Term Steady

CNH

The USD/CNY fix printed at 7.0947, versus a Bloomberg consensus estimate of 7.2279.

  • Today's fix is close to Wednesday's outcome, as the market returns from it's extended break, the fixing error narrowed to -1332pips, versus -1350pips Wednesday
  • USD/CNH opened trading higher, reaching a intraday high of 7.2549, before a gap lower as the pair tests the policy red line reaching a low of 7.2429, we have recovered some of the move to now trade at 7.2468.

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