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USD/CNH Back Close To 7.1600 Handle

CNH

USD/CNH has pushed higher in recent dealings. The pair got to 7.1605, right around Monday session highs. We were last slightly lower at 7.1590/95. Earlier lows were close to 7.1530. These moves come ahead of the CNY fix due in about 25mins. It should show higher upward move, given the 4:30pm USD/CNY level was 7.1426 yesterday, (versus 7.1241 last Friday), while USD indices were relatively steady.

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