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USD/CNY set up for another large fall - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Westpac explained that the broad-based fall in USD should set up for another large fall in the USD/CNY fixing, from 6.4961 on Thursday.

    Key Quotes:

    "China Feb 70 city property prices are due at 12:30pm Syd/9:30am local. Tier 1 cities have been stronger than tier 2 and 3 cities.

    The US dollar index (DXY) fell further during the London morning to a five-month low, steadying somewhat after the strong Philadelphia Fed business survey."
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