Offshore Chinese Yuan jumped sharply against Dollar in thin pre-holiday trading this week, driving USD/CNH to its lowest level in more than a year. But broader FX behavior points to Dollar weakness as the primary driver. Cross-rate performance supports that view. EUR/CNH has shown mostly sideways movement, suggesting Yuan strength is not uniform across major […]
The post USD/CNH falls near 7 handle on Dollar weakness not Yuan strength, break seen as fragile appeared first on ActionForex.
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