RSS Initial indications are the USD/CNY reference rate fix will dip a little today

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 RSS Initial indications are the USD/CNY reference rate fix will dip a little today

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Ahead of the model estimate for the People's Bank of China USD/CNY reference rate some numbers bouncing around suggest it'll head towards 7.3200.

Of course, the PBoC won't set the rate anywhere near that, circa 7.18 is the betting.

The USD was strong on Monday US time., but its given some back on the gradual tariff news (read the posts, its just unattributed conjecture right now, but it is indicative that Trump is sensitive to slumping stocks and would like to avoid this):


Will be happy for the breathing space

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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