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USD/CNY Fixing Steady

CNH

Thursday's USD/CNY fix printed at 7.1174, versus a Bloomberg consensus of 7.1961.

  • The actual fix was very close to yesterday's outcome (7.1168), while the fixing error, in USD/CNY terms, was also closed to unchanged (-787pips).
  • USD/CNH has drifted lower, last near 7.2150, around 0.10% stronger in CNH terms. This is in line with a softer USD against the majors (-0.15% for the BBDXY).
  • The next focus point will be the HK/China equity market open.

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