Free Trial

USD/CNY Fixing Error Widens To Multi Month Wides

CNH

The USD/CNY fix printed at 7.1070, versus the Bloomberg consensus of 7.2053.

  • The fixing error is -983pips today, fresh wides since Nov 14 last year. This is line with the pattern from 2023 where sharp periods of USD strength typically saw the error term widen.
  • The actual fixing has ticked higher, but remains below earlier Jan highs.
  • USD/CNH got to fresh highs of 7.2235 earlier, but we now sit back at 7.2170 in latest dealings, only modestly weaker in CNH terms versus end Friday levels in the US.

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.