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CNH Weakening Ahead Of The CNY Fix

CNH

USD/CNH pushing back above 7.0700 ahead of the CNY fix. We haven't breached Tuesday session highs around 7.0720 yet, while highs from Friday last week came in around 7.0750. Still, we are seeing a firmer earlier bias in the pair, lows for the session were closer to 7.0600. The majors are slightly up against the USD, so looks to be more CNH specific rather than a broader USD led trend.

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