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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.
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Free AccessMNI US CPI Preview: Setting The Tone For 2025
USD/CNY Fixing - Record Wide On Fixing Error Term
The USD/CNY fix printed at 7.1778, versus a Bloomberg consensus of 7.3295.
- Today's outcome delivers a fixing error of -1517pips in USD/CNY terms, so a fresh record wide.
- The actual fixing is -1pip below yesterday's outcome. So, we continue with very steady fixing outcomes.
- The upside cap on USD/CNY today is ~7.3214.
- USD/CNH is a little lower in the first part of trade today, back near 7.3350. This is outperforming higher beta plays which are weaker against the USD, but it is in line with some yen strength.
To read the full story
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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.