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USD/CNY Fixing Error Term Tightens Slightly

CNH

The USD/CNY fix printed at 7.1030, versus a Bloomberg consensus of 7.1890.

  • Today's outcome delivered a -860pips surprise in USD/CNY terms. This is slightly tighter than yesterday's -911pip outcome.
  • The actual fixing is a slight down step from yesterday's outcome.
  • USD/CNH has started the day fairly quietly, we were last at 7.2050, slightly up on end NY levels from Tuesday.
  • This is in line with broader USD sentiment which has turned more positive in recent dealings.

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