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CNH: USD/CNY Fixing Dips A Touch, Error Terms Narrows

CNH

The USD/CNY fix printed at 7.1696, versus 7.2659 per the BBG market consensus. 

  • Today's fixing is lower than yesterday's outcome (7.1703), albeit just. The fixing error narrowed further, last at -963pips, from -1231pips yesterday.
  • USD/CNH hasn't shifted much post the fixing, last 7.2475, holding sub session highs, which came earlier following a fresh Trump tariff warning (10% on China, potentially from Feb 1). 
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The USD/CNY fix printed at 7.1696, versus 7.2659 per the BBG market consensus. 

  • Today's fixing is lower than yesterday's outcome (7.1703), albeit just. The fixing error narrowed further, last at -963pips, from -1231pips yesterday.
  • USD/CNH hasn't shifted much post the fixing, last 7.2475, holding sub session highs, which came earlier following a fresh Trump tariff warning (10% on China, potentially from Feb 1).