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USD/CNY Fixing Fresh High Back To Nov 2023

CNH

The USD/CNY fixing printed at 7.1358, versus the Bloomberg consensus of 7.2770.

  • Today's outcome is a fresh high back to November last year. The fixing error was little changed, -1412pips in USD/CNY terms.
  • The upside limit on USD/CNY spot is 7.2785, so not too far from where onshore spot ended yesterday (7.2748).
  • USD/CNH is slightly higher post the fixing outcome, last near 7.2890.

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