The USD/CNY fix printed at 7.0583, versus a BBG market consensus of 7.0430 (yesterday's fixing was 7...
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The USD/CNY fix edged higher to 7.0856, after yesterday's fresh YTD low. As to be expected the fixing error widened in response to higher USD index levels, printing at -258pips, versus -160pips yesterday. USD/CNH is higher, last around 7.1110/15. Broader USD trends are supportive so far. Upside focus in USD/CNH may rest near the 20-day EMA (close to 7.1165/70).