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CNH: USD/CNY Fix Holds Under 7.1900, Fixing Error Slightly Wider

CNH

The USD/CNY fix printed at 7.1882, versus the Bloomberg consensus of 7.2785. 

  • The fixing delivered a -903pip surprise in USD/CNY terms, slightly wider than Friday's outcome, but still near recent wides.
  • USD/CNH has been relatively steady to start Monday trade, last near 7.2800. broader USD trends are slightly softer. The yen is the bucking this trend though. 
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The USD/CNY fix printed at 7.1882, versus the Bloomberg consensus of 7.2785. 

  • The fixing delivered a -903pip surprise in USD/CNY terms, slightly wider than Friday's outcome, but still near recent wides.
  • USD/CNH has been relatively steady to start Monday trade, last near 7.2800. broader USD trends are slightly softer. The yen is the bucking this trend though.