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Tests Above 7.1800, But No Follow Through, As Equity Sentiment Stabilizes

CNH

USD/CNH saw brief highs above 7.1800 around the time of the Hong Kong and onshore equity market open. This was fresh highs in the pair back to Dec 13. There hasn't been any follow through though, the pair last near 7.1750 (highs of 7.1803).

  • Equity sentiment has improved in both HK and China, with the CSI 300 ticking higher, while the HSI was last down -0.20%, after dipping more than 1% in earlier dealing.
  • Broader USD sentiment is steady, with the BBDXY down slightly from Thursday closing levels.

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