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USD/CNY Fixing Fresh High Back To Nov 2023, USD/CNH Steady

CNH

The USD/CNY fixing printed at 7.1376, versus a Bloomberg consensus of 7.2444.

  • Today's outcome is a fresh high in the fixing going back to November last year.
  • The fixing surprise was -1068pips, up from yesterday's -831pips yesterday.
  • USD/CNH has been very steady so far today, just under 7.2500. It has largely ignored the risk off trends elsewhere, although USD/JPY is ticking higher.

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