Free Trial

USD/CNY Fixing Shifts Lower, Error Term Steady

CNH

The USD/CNY fix moved down to 7.1132, versus a Bloomberg consensus of 7.1518.

  • Today's USD/CNY fix is a -303pip error, close to yesterday's outcome. The actual fixing is down on yesterday's outcome, 7.1159.
  • USD/CNH is following broader USD gyrations in the first part of Tuesday trade, albeit with a lower beta. We were last near 7.1545, up slightly from earlier lows at 7.1506.
  • We are slightly higher post the fixing, but the reaction looks limited so far.

To read the full story

Close

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.