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USD/CNY Fixing - Error Term Widens Again


The USD/CNY fixing printed at 7.1174, versus a Bloomberg consensus of 7.1762.

  • Today's outcome was a -588pip error in USD/CNY terms. This compares with yesterday's -505pip outcome. This is a fresh wide in the fixing error back to 20th of Nov
  • The actual fix is slightly above yesterday's 7.1163 outcome.
  • USD/CNH sits lower in the first part of Tuesday dealing. We were last around 7.1870, after opening near 7.1940. Broadly USD sentiment is softer, with the BBDXY off a little over 0.10% at this stage, yen gains are leading.

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