USDCNH moved to 7.188

The headline that China,US struggle to set September meeting for trade talks has sent the offshore yuan (USDCNH) to new record lows.

Looking at the hourly chart above, the price moved above the 7.18275 level (high from August 26 and moved to a new high of 7.188 (lower yuan or CNH).

USDCNH moved to 7.188