• Asia FX Talking: Pressure builds on the renminbi

    Source: Buzz FX / 16 Apr 2025 17:41:24   America/New_York


    USD/CNY: PBoC faces more pressure as Trade War 2.0 erupts
    Tariff hikes resulted in a global market rout and Chinese yuan depreciation pressure, with USD/CNY in a 7.22-7.35 range in the past month. USD/CNH once spiked to 7.42 before interven
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