May 21, 2024 01:19 GMT
USD/CNY Fixing - Highest Since End Feb
CNH
The USD/CNY fix printed at 7.1069, versus a Bloomberg consensus of 7.2349.
- Today's outcome delivered a wider fixing error of -1280pips in USD/CNY terms. This is fresh wides since end April for the metric.
- The actual fix was slightly above recent highs. It's the highest fix since the end of Feb.
- USD/CNH pushed higher post the fixing result but didn't breach the 7.2500 handle. We last track near 7.2480, close to unchanged for the session.
75 words