The USD/CNY fix was set at 7.1345, versus a Bloomberg consensus of 7.1921.

  • Today's fixing error was -576pips, the narrowest since Jan of this year.
  • The actual fix was only a touch below Friday's 7.1376 outcome.
  • USD/CNH is already sub today's fixing rate, while onshore spot is likely to open sharply lower in USD/CNY terms.
  • USD/CNH was last near 7.1300, up from earlier lows of 7.1125. The fixing outcome has seen some support emerge for the pair.

CNH: USD/CNY Fixing Down A Touch, Fixing Error Sharply Narrower

Last updated at:Aug-05 01:25By: Jonathan Cavenagh

The USD/CNY fix was set at 7.1345, versus a Bloomberg consensus of 7.1921.

  • Today's fixing error was -576pips, the narrowest since Jan of this year.
  • The actual fix was only a touch below Friday's 7.1376 outcome.
  • USD/CNH is already sub today's fixing rate, while onshore spot is likely to open sharply lower in USD/CNY terms.
  • USD/CNH was last near 7.1300, up from earlier lows of 7.1125. The fixing outcome has seen some support emerge for the pair.

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