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USD/CNY Fixing - Fixing Error Close To Record Wides

CNH

The USD/CNY fixing printed at 7.1784, versus a Bloomberg consensus of 7.3206.

  • Today's fix represents a -1422pip surprise in USD/CNY terms. This is wider than yesterday's outcome (-1382pips) and close to historical wides of 1426pips (recorded on 28th of September).
  • The actual fix remains wedged under 7.1800 and very steady.
  • USD/CNH has traded above 7.3300 in early dealings today, but is little changed and CNH is outperforming higher dollar levels against the majors.

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