USD/CNH prints mild losses around 6.7400 on China-linked concerns ahead of PMIs, Fed and US NFP – by anilpanchal7 USDCNY PBOC NFP Fed PMI
’s Asian session. In doing so, the offshore Chinese Yuan pair justifies the hawkish concerns surrounding the dragon nation ahead of the key data/events.
Further, the People’s Bank of China’s readiness to introduce more tools to boost lending and growth probe the pair sellers. On the other hand, the hopes of the Federal Reserve’s dovish hike after the last week’s mixed data seem to weigh on the USD/CNH prices.
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