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Quick 1 big figure drop in USDCNH

CHINA YUAN

Unclear on what drove that quick knee-jerk 1 big figure fall in USDCNH, from 6.7850 to 6.7738 low.

  • Nothing in terms of catalyst, and desk report very little.
  • Seems related to the 6.7850 breakout, as the move lack momentum and holds off the low of the session at 6.7750

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