ResearchDigital-Finance2026-09-06
RMB Firms to 6.7108: Room to Bring Forward FX Settlement in Cross-Border Transit Trade
USD/CNY printed 6.7108, down 0.10%, with EUR/CNY easing in parallel — a sign of marginally looser offshore liquidity. For transit trade that buys in USD and settles in RMB, such a window of easing import cost typically lasts only a few sessions, so settlement and hedging should be brought forward accordingly.