USD/CNY just touched the upper range (lower range for the yuan currency) of its daily trading range at 7.3325 for today. For some context, the PBOC today fixed the pair at 7.1887 and it can fluctuate 2% above or below the fixed/midpoint. It’s a tough start to the year for China, as the yuan suffers and stocks also fall alongside bond yields. From earlier this week: The Chinese yuan is a key place to watch as the new year gets rolling

This article was written by Justin Low at www.forexlive.com.



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