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USD/CNH Breaches 7.00, Before Moving Lower, Focus On Onshore Spot Open

CNH

USD/CNH got a high of 7.0029 post the in line CNY fixing outcome. This is highs back to Late Dec last year. We have settled back at 6.9950/60 now. Note lows for the session were just under 6.9930. Focus is now likely to turn to onshore spot, which opens in around 5 mins. Note yesterday's close was 6.9773, with the pair unable to breach the 6.9800 level.

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