March 06, 2025 01:21 GMT
CHINA: USD/CNY Fixing Steady, Fixing Error Narrows
CHINA
The USD/CNY fix printed at 7.1692, versus a BBG market consensus of 7.2398.
- This keeps the fixing within recent ranges. The fixing error narrowed to -706pips.
- USD/CNH is at 7.244 in this morning’s trade.
- The market is digesting a host of headlines from China's NPC, around 2025 targets. Growth is forecast to be 5%, while the CPI target was lowered to 2%.
- Authorities are set to approve an increase in the amount of issuance by regional governments.
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