* The announcement that a family member of the president will take up the deputy central bank gove...
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The USD/CNY fix printed at 7.0331, versus a BBG market consensus of 7.0049. This keeps the USD/CNY fixing downtrend firmly intact, with another fresh low back to late Sep 2024. The fixing error stayed elevated at +282pips. USD/CNH is a touch higher post the fixing at 7.0072 after 7.0022, last back near 7.0165, close to Friday’s highs.