USD/CNH marches towards 6.9000 as China inflation disappoints, Fed rate hike concerns improve – by anilpanchal7 USDCNY Inflation China RiskAppetite Fed
the offshore Chinese Yuan pair also respects the hawkish concerns about the Federal Reserve as full markets return after an extended weekend.
Even so, Friday’s upbeat US employment data joins the market’s rejection of recession woes to underpin the hawkish Fed bets and propel the USD/CNH prices amid cautious optimism in the markets. Earlier in Asia, USD/CNH marked losses amid mixed talks of the US Federal Reserve’s next move joining headlines suggesting China’s end to the military strikes near Taiwan.
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