Free Trial

USD/CNY Fixing Error Widens On USD Strength

CNH

The USD/CNY fix printed at 7.1055, versus a Bloomberg consensus of 7.1625.

  • Today's fix represents a -570pips surprise in USD/CNY terms. This is wider than yesterday's -480pip outcome, but in line with tendency for the error term to widen during bouts of USD strength.
  • The actual fix is modestly above yesterday's outcome.
  • USD/CNH has been relatively steady in early dealings, last near 7.1835.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.