The USD/CNY fixing printed at 7.1325, against a Bloomberg consensus of 7.1349.

• The fixing error was a very modest -24pips in USD/CNY terms. The actual fixing was the lowest since August 6.
• USD/CNH is tracking lower in line with softer USD tones elsewhere. The pair last near 7.1240. This is fresh lows back to August 5.
• As expected the China loan prime rates were left unchanged.