May 30, 2024 01:20 GMT
USD/CNY Fixing Ticks Higher, Error Term Widens
CNH
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The USD/CNY fix printed at 7.1111 versus a Bloomberg consensus of 7.2594.
- Today's outcome delivered a further widening in the fixing error to -1483pips (in USD/CNY terms). This is fresh wides back to the end of April.
- The actual fix rose 5pips from yesterday's outcome. This leaves the upper limit on daily spot at 7.2533 for today.
- USD/CNH is slightly lower in the first part of trade today, last near 7.2705, not showing much impact from the fixing result.
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