The Chinese central bank will conduct CNY800 bn of one-year medium-term lending facility operation o...
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The USD/CNY fixing edged a little higher to 6.7852, against Monday's 6.7841 outcome. The USD/CNY fixing has now risen in the past three sessions. Today's market estimate was 6.7239 (per BBG) (little changed from Monday's estimate), leaving the fixing error at +613pips, slightly wider than Monday's outcome. Today's fixing error was the widest since end Feb this year. USD/CNH spot is little changed so far today, last near 6.7215. Earlier lows (6.7188) were supported.