USDCNH pops higher after weakest PBoC mid-point fix since Nov 2023 ...Middle East

USDCNY has seen immediate upside following the weakest mid-point setting by the PBoC since November last year.We still have some ways to go before we get to 7.36-37 (which was the previous line in the sand where the PBoC stepped in to curb CNY weakness), but worth keeping an eye on it. This article was written by Arno V Venter at www.forexlive.com.

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