The above comments seem to add to the renewed upside in the Chinese yuan, with USD/CNY now shedding 0.2% to trade below 7.00 key level. The cross trades near 6.9960 at the time of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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