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USD/CNY Fixing Trend Steady Ahead Of LNY Break

CNH

The USD/CNY fix printed at 7.1063, versus a Bloomberg consensus of 7.1919.

  • Today's fixing saw a -856pip error in USD/CNY terms. This was slightly wider than yesterday's -809pip outcome.
  • The actual fix remains comfortably within recent ranges. A reminder this is the last fixing until Feb 19 as the LNY holiday period commences tomorrow.
  • USD/CNH is lower in the first part of trade, last near 7.2060, in line with USD weakness against the majors.

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