April 29, 2024 01:21 GMT
USD/CNY Fixing Up A Touch, Error Term Widens
CNH
The USD/CNY fix printed at 7.1066, versus a Bloomberg consensus of 7.2557.
- Today's fixing saw a -1491pip error term in USD/CNY terms. This is fresh wides back to April 11.
- The actual fixing rose a touch relative to Friday's outcome (7.1056). The upside daily limit on spot USD/CNY is marginally higher at around 7.2487.
- USD/CNH is a touch lower in the first part of dealings today, last near 7.2640/45, but has remained within recent ranges.
72 words