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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.
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Free AccessUSD/CNY Fixing Steady, Error Term Widens
The USD/CNY fix printed at 7.1785, versus a Bloomberg consensus of 7.3167.
- Today's fixing represents a -1382pip surprise in USD/CNY terms. This is wider than yesterday's -1221pips outcome.
- The actual fixing was a touch lower than yesterday's 7.1786 outcome. The fixing error widened in response to the firmer USD backdrop.
- USD/CNH is tracking lower in the first part of trade, last near 7.3090. Broader USD sentiment is softer, led by the AUD post the CPI data. The majors are only a touch higher in terms of EUR and JPY against the dollar.
To read the full story
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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.