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USD/CNY Fixing Rises Modestly, Fixing Error Steady

CNH

The USD/CNY fix printed at 7.1080, versus a Bloomberg consensus of 7.1966.

  • Today's fixing represents a -886pip surprise in USD/CNY terms, very close to last Friday's fixing error.
  • The actual fix is modestly above Friday's 7.1064 outcome. Today's result is the highest fix since Feb 6, but we remain broadly within recent ranges.
  • USD/CNH has drifted a little higher, in line with a slightly firmer USD against the majors (ex yen). However, we have found selling interest above 7.2100 (last 7.2085).

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