The USD/CNY fix printed at 7.1148, versus a Bloomberg consensus of 7.1138. 

• Today's fix delivers a modest upside surprise in USD/CNY terms. Still, it keeps with the recent trend around close to neutral fixing outcomes.
• USD/CNH is slightly lower in the first part of Wednesday dealing, taking its cue from yen gains and continuing to outperform higher beta FX, particularly the likes of AUD. The pair was last near 7.1150.