USD/CNH: Insights from the CEWC Meeting Results
The USD/CNH pair saw a rise yesterday, fueled by a Reuters report stating that China’s leading officials contemplate allowing the RMB to weaken by 2025 in response to tariff pressures. However, the pair fell today as the daily USD/CNY fix continues to be set below the 7.20 level.
Investors are evaluating the outcomes of the recent 2-day Central Economic Work Conference (CEWC) meeting to gauge the future trajectory of the Chinese currency. Observing government policy shifts and economic indicators will be crucial in determining how the USD/CNH pair will react in the coming days.
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