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Sam_Eder

USDCNH - Yesterday's rise spooked markets, today calmer story

U.S. Dollar/Chinese Yuan (FX:USDCNH)  
Sam_Eder  
FX:USDCNH   U.S. Dollar/Chinese Yuan
Trend Analysis fxrenew trading fx yuan USDCNH sentiment
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trendanalysis fxrenew trading fx yuan usdcnh sentiment
Yesterday's risk-off mode was likely driven by the rise in USDCNH after China's return to the markets. Remember that the 6.9000-7.00 zone is the line in the sand. Any trade war jitters, or economic difficulty in China could weaken the Yuan even more, driving up the USD and putting more pressure on Emerging Markets.
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