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USD/CNH In Tight Range, No Real Test Of 6.4000 Yet

CNH

USD/CNH holds to a tight ~60 pip range, especially when the general USD weakness within the G10 FX space (JPY excluded) is considered. Could the invisible hand be protecting the psychological CNH6.4000 level? Lows of CNH 6.4009 printed thus far, with movement in the wider USD/Asia space perhaps limited by the tight USD/CNH range.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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