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USD/CNH reverses course and - led by the...>

CHINA FX
CHINA FX: USD/CNH reverses course and - led by the greenback - dips into
negative territory after touching Cnh6.8546 earlier today. Aug8 lows remain the
more significant support level at Cnh6.8061 before any attempt can be made on
the 50-dma which currently sits at Cnh6.7138. Rate now sits 1.8% below the
recent cycle highs.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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