USD/CNH has hit fresh highs, we got to 7.1110, but we sit slightly lower in last dealings (7.1080/90). Onshore spot is around 7.0975 currently, threatening a test of the 7.1000 handle. China's NBS noted that the country's economic recovery foundation is not solid yet. These comments followed the downside surprise for both the manufacturing and non-manufacturing PMI. Calls for further policy support are likely to persist post these prints.

EM Bullet Fixed Income News Homepage Bullet Markets Emerging Markets News Foreign Exchange News

Jonathan Cavenagh

EM Bullet Fixed Income News Homepage Bullet Markets Emerging Markets News Foreign Exchange News

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USD/CNH Prints Fresh Highs Post PMI Miss