MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE APF on Monday

CPI Details Show Disinflation Tapering Off for High-Rate Items (2/2)

CPI Details Show Disinflation Tapering Off for High-Rate Items (1/2)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/CNY Fixing Steady, Error Term Narrows

CNH
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

The USD/CNY fix printed at 7.1063, versus a Bloomberg consensus of 7.2432.

  • Today's result represents a -1369pip fixing error, so tighter than yesterday's -1491pips, but all due to the lower market fixing consensus.
  • The actual fix is close to unchanged versus yesterday's outcome (7.1066). A reminder this is the last fixing until next Monday.
  • USD/CNH is touch higher, last around 7.2460. Our sense had been a steady fixing outcome may see some USD demand emerge, but things have been steady in terms of the initial fixing reaction.
87 words

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.

The USD/CNY fix printed at 7.1063, versus a Bloomberg consensus of 7.2432.

  • Today's result represents a -1369pip fixing error, so tighter than yesterday's -1491pips, but all due to the lower market fixing consensus.
  • The actual fix is close to unchanged versus yesterday's outcome (7.1066). A reminder this is the last fixing until next Monday.
  • USD/CNH is touch higher, last around 7.2460. Our sense had been a steady fixing outcome may see some USD demand emerge, but things have been steady in terms of the initial fixing reaction.