Free Trial

USD/CNY Fixing - More Modest Surprise, Another Fresh Cyclical High

CNH

The USD/CNY fixing printed at 7.2472, versus a Bloomberg consensus of 7.2933.

  • Today's outcome delivers a -461pip surprise in USD/CNY terms, versus -643pips from yesterday.
  • This is another decent rise in the fix, +0.38% on yesterday's outcome, whilst +1.26% higher levels from a week ago. This is fresh cyclical highs for the fix, but it is bringing the fixing outcome closer towards spot levels.
  • USD/CNH spiked initially on the outcome, rising to 7.3380, versus sub 7.3300 prior to the fix, but we are now back around the 7.3300 region.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.