Offshore Chinese yuan (USD/CNH) back at trade war levels

U.S. Dollar/Chinese YuanFXCM

Description

⋅ May 26, 2020 7:40 AM

7.165 has been a price ceiling since October when trade tensions begun to cool on talk of phase one deal.

Possible scenarios
US/China tensions flare up = level break
US/China tensions die down = level holds