USD/CNH could press and break through 7.28 – ING USDCNY China Asia Commodities Banks
USD/CNH is close to the high of the year near 7.28. Economists at ING analyze the pair’s outlook. Ongoing difficulties in the Chinese property sector are exacerbating last week's poor set of Chinese data, which included deflation, trade and new loans.
Barring some surprise stimulus measure this week, it looks like USD/CNH could press and break through 7.28 – a move that would drag Asian FX and the commodity complex with it.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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