November CPI inflation data moved in the right direction for the RBA to prolong its pause but remain...
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The USD/CNY fix printed at 7.0764, versus a BBG market consensus of 7.0739. This leaves the fixing error remaining positive, today at +25pips but down from Friday. This continues to point to a steady outlook for the yuan. Spot USD/CNH is a little lower post the fixing, last around 7.0673/677. Recent highs are just above 7.0800, in terms of a potential upside focus point.