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CNH Offered On WeChat / TikTok Headlines

CHINA FX

Wires report that the US Commerce Department have prohibited transactions with WeChat & TikTok, announcing that WeChat is to be shutdown in the US as of Monday (effective at midnight).

USD/CNH rallies on the headlines, prompting a rally from 6.7590 to 6.7665 before stalling slightly.

Full release here:

https://www.commerce.gov/news/press-releases/2020/...

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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