CNH: USD/CNY Makes Another Low Back To 2023, USD/CNH Testing Monday Lows
Jun-09 01:21
The USD/CNY fix fell by to 6.8147 today, from 6.8198 yesterday. This is just under Friday lows and a fresh low in the fixing back to 2023. The fixing error was slightly wider today at +324pips, from +219pips yesterday. The end May fixing level was 6.8176, so we are marginally down month to date, after flatlining/drifting higher earlier in June. USD/CNH is a little lower in latest dealings, last at 6.7810. We are back challenging Monday lows, while the 6.7650 area marked lows late last week. Coming up soon we have May trade data.
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