Thu, 27 Jan 2022 11:20:45 GMT
USD/CNH declines in a pattern
Since July, the US Dollar has been declining against the Chinese Yuan. Since the July high, the rate has 3.14% or 2053 base points. Recently, the pair booked a low level at 6.3260, before the US Federal Reserve reveled that it would end monetary stimulus. This resulted in a surge to the 50-day simple moving average at 6.3700.
If the