USDCNY Hits 7-Month High as Chinese Yuan Softens amid Trade Jitters
Key Takeaways: π° The Chinese yuan softened with USDCNY hitting a 7-month high π Initial weakness in the yuan due to a weak midpoint fix by the People’s Bank π Concerns over a trade war with the West impacting sentiment towards China π PBOC may need to let the yuan depreciate in the near-term π … Read more