[MARKET UPDATE] USD/CNH reaches new lows last seen in Sept'24, currently trading at 6.9580; heavy data docket ahead which includes Q4 GDP
The USD/CNH has hit new lows, suggesting continued weakness in the U.S.
European officials would rather negotiate with the Trump administration than retaliate, the NYT reports citing diplomats; however, hitting back is possible if Washington continues to escalate its efforts
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[MARKET UPDATE] USD/CNH reaches new lows last seen in Sept'24, currently trading at 6.9580; heavy data docket ahead which includes Q4 GDP
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS
PBoC is expected to set USD/CNY mid-point at 6.9689 (prev. 7.0078)
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dollar relative to the Chinese yuan. This movement may indicate increased buying pressure on the yuan, potentially influenced by market sentiment ahead of key economic data, including Q4 GDP, which could impact future rate expectations and cross-asset movements.
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