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Saturday, June 19, 2021

Onshore Chinese yuan finishes the day at strongest level against the dollar since May 2018

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USD/CNY keeps the break below 6.40

USD/CNY
That despite the PBOC fix earlier in the day being above the 6.40 level. While this isn’t quite yet having broader reverberations in the market, it is one to keep an eye out for if the uptrend in the yuan against the dollar continues to run from hereon.

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