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CNH: USD/CNY Fixing Edges Up, Fixing Error Re-Widens

CNH

The USD/CNY fixing printed at 7.1705, versus a BBG market consensus of 7.2810.

  • The fixing is slightly higher, but isn't drifting too far from 7.1700 at this stage.
  • The fixing error re-widened to -1105pips from -873pips yesterday, with this term taking the bulk of the firmer USD backdrop over the past day or so.
  • USD/CNH is a little higher, but within recent ranges in latest dealings, close to 7.2800. 
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The USD/CNY fixing printed at 7.1705, versus a BBG market consensus of 7.2810.

  • The fixing is slightly higher, but isn't drifting too far from 7.1700 at this stage.
  • The fixing error re-widened to -1105pips from -873pips yesterday, with this term taking the bulk of the firmer USD backdrop over the past day or so.
  • USD/CNH is a little higher, but within recent ranges in latest dealings, close to 7.2800.