May 24, 2024 01:19 GMT
USD/CNY Fixing Nudges Above 7.1100
CNH
The USD/CNY fixing was set at 7.1102, against a Bloomberg consensus of 7.2486.
- The fixing error was -1384pips in USD/CNY terms, close to yesterday's outcome. The actual fix was a touch above Thursday's print, but still a fresh high back to January of this year.
- USD/CNH is eyeing a move above 7.2600, amid broader USD gains, but there hasn't been any follow through at this stage (highs rest at 7.2603).
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