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USD/CNY Fixing Rises, Fresh Highs Back To Nov Last Year

CNH

The USD/CNY fixing printed at 7.1342, versus a Bloomberg consensus of 7.2729.

  • This compares with yesterday's 7.1310 outcome. Today's fixing was a fresh high back to Nov last year.
  • It allows for incremental more yuan depreciation pressures, with the upside daily limit for USD/CNY spot at 7.2769 today. The fixing error was little changed
  • USD/CNH has risen a touch post the fixing outcome, last near 7.2920, which is close to highs seen this week.
  • Coming up shortly we have June inflation data.

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