- USD/CNH remains sidelined at one-week high, prods two-day winning streak of late.
- China 10-year Treasury bond yields drop the lowest since November amid dovish bias about PBOC, recession woes elsewhere.
- Mixed Fed talks, easing hawkish bets on FOMC’s May 0.25% rate hike weigh on US Dollar.
- US CPI, Fed Minutes eyed for fresh impulse; talks of China growth also important to observe.
USD/CNH portrays the market’s indecision around 6.8950, despite easing to 6.8930 during early Wednesday. In doing so, the offshore Chinese Yuan (CNH) pair signals the cautious mood ahead of the US Consumer Price Index (CPI) for March and the Minutes of the latest Federal Open Market Committee (FOMC) Monetary Policy Meeting.
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