Asia FX Talking: Renminbi set to come under more pressure

Capt. John

USD/CNY strengthened over the past month, trading in a range of 7.22-7.31. The People’s Bank of China continues to aid currency stability via the counter-cyclical factor in its daily fixing. Some choppiness within this band: another surprise 10% tariff hike on 4 March sent the CNY weaker but it...

https://www.hellenicshippingnews.com/asia-fx-talking-renminbi-set-to-come-under-more-pressure/

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