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business

breaking news China’s PBOC set to peg USD/CNY benchmark rate at 7.1695 – Reuters estimate


Offshore Yuan fell, USD bid on news from China.

As I posted the first indications here:

The USD is firmer with the Yen not too far behind due to weekend Chinese news:

I posted a USD/CNH update earlier here:

USD/CNH update:

This article was written by Eamonn Sheridan at forexlive.com.


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