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Offshore Yuan Breaks Higher

CNH

A bout of USD weakness has seen USD/CNH breach new session lows, last at 6.4164, breaking through Feb 11 low of 6.4168 in the process.

  • This brings the brief spike lower on Feb 10 at 6.4128 into focus, beyond which the 2020 low at 6.4118 becomes the next target.
  • We have to look back to June 2018 for levels below this, the rate touched 6.2361 in March 2018.


USD/CNH

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