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USD/CNH Through Monday Lows, Onshore Spot to 6.7550

CNH

USD/CNH is through Monday session lows. The pair touched a low of 6.7627 before stabilizing somewhat, we were last up a touch at 6.7650. This follows a firmer CNY at the onshore open. The USD/CNY pair has fallen to fresh lows at 6.7550. This comes after the slightly firmer than expected CNY fixing outcome earlier, largely reversing yesterday's weaker outcome.

  • Mid-August 2022 lows close to 6.7165 may be the next downside target for USD/CNH.

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