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USD/CNY Fixing - Still In Line

CNH

The USD/CNY fixing printed at 7.0818, versus a Bloomberg consensus of 7.0811.

  • Today's fix is a touch higher in USD/CNY terms relative to expectations (+7pips), but continues the recent pattern of being close to expectations.
  • The initial CNH reaction is fairly muted to the fix, USD/CNH sits at 7.0810/20 currently, slightly up from session lows sub 7.0800. The broader USD tone is softer, which is likely helping at the margins since the open.

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