Free Trial

USD/CNY Fixing Steady

CNH

USD/CNY fixing printed at 7.0967, versus a Bloomberg consensus of 7.2366.

  • Today's fixing is virtually unchanged from yesterday's outcome. The fixing error has tightened (-1399pips, versus -1597pips yesterday) due to the market's lower fixing estimate.
  • It continues to suggest the authorities are guarding against depreciation pressures. The upside limit on USD/CNY spot is at 7.2386 today.
  • USD/CNH has been range bound in the first part of Friday trade, last near 7.2565.

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.