Chinese Yuan Forecast: USD/CNH Eyes PMI Data as Prices Gyrate Near 2021 Low
Summary
By sueyangfx.com December 03, 2021 at 12:09AM The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today’s APAC session.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
December 03, 2021 at 12:09AM
The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today’s APAC session.