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USD/CNY Fixing Just Under 7.1400

CNH

The USD/CNY fixing printed at 7.1399, versus a Bloomberg consensus of 7.1464.

  • This is down slightly from yesterday's outcome of 7.1415. The fixing error was also slightly tighter (-65pips in USD/CNH terms).
  • USD/CNH is tracking higher in the first part of Thursday trade, last above 7.1550. Broader USD/Asia trends are firmer, while the A$ is also down in the G10 space.
  • We have China activity figures for July coming up soon. Prior to that we have July house prices trends.

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