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USDCNY is through 7.1000

USD
  • USDCNY extend higher, a function of the Dollar bid, as Equity futures fall since the EU Cash open.
  • Next resistance is at 7.1393, and above the latter, sees 7.1778 (2020 peak), and 7.1847 (2019 peak and highest since 2008).

Chart source: MNI/Bloomberg

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