The USD/CNY fixing printed at 7.0993 versus a Bloomberg consensus of 7.1019. 

• The slightly below consensus outcome in USD/CNY terms points to the authorities not wanting to encourage any fresh yuan weakness.
• USD/CNH highs so far are at 7.1487. We were last near 7.1375, around 0.50% weaker in CNH terms.
• Election odds and betting markets are still skewed in favour of Trump, which is aiding broader USD sentiment.