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USD/CNY Fixing Lower But Remains Above 7.1300

CNH

The USD/CNY fixing was set at 7.1321, versus a Bloomberg consensus of 7.2694.

  • Today's fixing delivered a -1373pip surprise in USD/CNY terms, little changed from yesterday's -1412pip outcome.
  • The actual fix was set lower than yesterday's high of 7.1358.
  • Earlier USD/CNH trends are relatively steady. Upticks above 7.2700 have been sold, but we sit close to end Wednesday levels from US trade, despite another 0.50% gain in the yen.

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