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USD/CNY Fixing Firms, But Error Terms Widens Modestly

CNH

The USD/CNY fix printed at 7.1140, versus a Bloomberg consensus of 7.1486.

  • Today's fix is higher than yesterday's 7.1127 print. The fixing error has widened marginally to -346pips from -311pips yesterday.
  • The reaction in USD/CNH has been muted so far. The pair last tracks near 71670, down slightly for the session amid softer USD tones against some of the majors. Earlier lows were at 7.1638.

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