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USD/CNY Fixing Set Sub 7.1300

CNH

The USD/CNY fixing printed at 7.1285, versus the Bloomberg consensus of 7.2578.

  • The fixing error was -1293pips in USD/CNY terms, slightly tighter than yesterday's -1328pips.
  • The actual fix was set sub 7.1300 for the first time since July 8.
  • USD/CNH last tracked close to 7.2700, slightly lower for the session, in line with yen gains. We sit up from earlier lows though of 7.2652 (as yen gains have been pared).

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