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CNH: USD/CNY Fixing & Error Term Close To Unchanged

CNH

The USD/CNY fixing printed at 7.1901, versus a Bloomberg consensus of 7.3060.

  •  The fixing error was slightly tighter at -1159pip, but still close to recent wides.
  • The actual fix was 10pips sub yesterday's outcome.
  • USD/CNH is little changed in the first part of Friday dealings. We were last just above 7.3100.
  • As expected the LPRs we left unchanged. 
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The USD/CNY fixing printed at 7.1901, versus a Bloomberg consensus of 7.3060.

  •  The fixing error was slightly tighter at -1159pip, but still close to recent wides.
  • The actual fix was 10pips sub yesterday's outcome.
  • USD/CNH is little changed in the first part of Friday dealings. We were last just above 7.3100.
  • As expected the LPRs we left unchanged.