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USD/CNH Nears 7.0100, As Onshore USD/CNY Spot Moves Above 6.9900

CNH

USD/CNH has risen to fresh highs post the open in onshore USD/CNY spot. Onshore spot has gapped higher, now above 6.9900 (latest levels 6.9925/30), which is fresh highs back to late last year. For USD/CNH we got close to 7.0100, but now sit slightly lower. Late Dec highs last year came in at 7.0156, so this level could be targeted on the upside.

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