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Yuan unwinds most of this year's decline

Discussion in 'Market News' started by ForexLive, Jan 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Huge unwind in yuan weakness underway USD/CNH -- the offshore yuan -- is surging today. The motivation is no doubt intervention after a spike above 6.70 the pair has been in absolute freefall and is at 6.5967.

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