February 06, 2025 01:21 GMT
CNH: USD/CNY Fixing Steady, Error Term Slightly Tighter
CNH
The USD/CNY fix printed at 7.1691, versus a BBG consensus of 7.2663.
- Today's fixing is barely changed from yesterday's outcome (7.1693). The fixing error was slightly tighter at -972pips, versus yesterday's -1120pips.
- USD/CNH is holding relatively steady so far today, last still above 7.2800.
- The authorities may be happy to keep a steady fixing outcome until we get greater clarity around the tariff outlook.
63 words