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USD/CNY Fixing Firmer, Error Term Re-Widens

CNH

The USD/CNY fix printed at 7.1291, versus a Bloomberg consensus of 7.2715.

  • Today's outcome saw a re-widening of the fixing error to -1424pips, but this remains within recent extremes.
  • The actual fix was a fresh high back to Nov last year.
  • USD/CNH has been relatively steady around 7.3050 in early dealings, despite firmer USD gains elsewhere.
  • The upside limit on USD/CNY spot today is 7.2717.

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