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USD/CNY Fixing Error Wider

CNH
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The USD/CNY fix printed at 7.1106, versus a Bloomberg consensus of 7.2503.

  • Today's fixing delivered a -1397pips fixing error in USD/CNY terms. Not surprisingly wider than yesterday's -1320pip outcome.
  • The actual fix ticked to a fresh high going back to January of this year, but was only 5pips above yesterday's outcome. Hence only allowing marginal room for further onshore depreciation pressures.
  • USD/CNH was higher in earlier dealings (7.2667), but sits back at 7.2650 now, slightly above end Tuesday levels in NY.
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The USD/CNY fix printed at 7.1106, versus a Bloomberg consensus of 7.2503.

  • Today's fixing delivered a -1397pips fixing error in USD/CNY terms. Not surprisingly wider than yesterday's -1320pip outcome.
  • The actual fix ticked to a fresh high going back to January of this year, but was only 5pips above yesterday's outcome. Hence only allowing marginal room for further onshore depreciation pressures.
  • USD/CNH was higher in earlier dealings (7.2667), but sits back at 7.2650 now, slightly above end Tuesday levels in NY.