Chinese yuan kicks off the year with a move higher

Author: Eamonn Sheridan | Category: News

USD/CNH is under 6.5 for the first time since H1 of 2018 (and has near;ly recovered all of its Trump trade war loss).

The yuan has been boosted by China's recovery from the pandemic at a much faster rate than the US (its still worsening in the US), and, of even more importance to carry hunters, a positive differential with the USD. 

China stocks are up today also.

USD/CNH is under 6.5 for the first time since H1 of 2018 (and has near;ly recovered all of its Trump trade war loss).



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