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USD/CNY Fixing Nudges Higher, But Still Sub 7.1800

CNH

The USD/CNY fix printed at 7.1798, versus a Bloomberg consensus of 7.3095.

  • Today's fixing represents a -1297pip surprise in USD/CNY terms. Friday's fixing error was -1397pips.
  • The actual fix printed slightly higher than outcomes from late last week, which were just below 7.1780.
  • USD/CNH has been relatively steady in the first part of trade, not drifting too far away from the 7.3100 level, which we track close to currently.

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