Yuan Strengthens Against USD

Yuan edges lower toward 6.7300 The USD/CNH slipped to 6.7459 after a modest bounce failed to gain traction. The pair may test last week's 6.7420 low but a sustained break below is unlikely. On a 1-3 week horizon, the pair is expected to continue edging lower towar

Yuan edges lower toward 6.7300

The USD/CNH slipped to 6.7459 after a modest bounce failed to gain traction.

The pair may test last week’s 6.7420 low but a sustained break below is unlikely.

On a 1-3 week horizon, the pair is expected to continue edging lower toward 6.7300 as long as 6.7640 strong resistance holds.

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