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Published On: Fri, Jul 15th, 2016

Yuan Tests Resistance on Tightened Liquidity

Both onshore and offshore Yuan retraced against the US Dollar this week: the onshore Yuan (USD/CNY) closed at a slightly more bullish position, at 6.6810 following four consecutive drops on a weekly basis; the offshore Yuan (USD/CNH) touched 6.7076 on Monday and then pulled back after Yuan liquidity was tightened in the offshore market.

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Source: DailyFX.com – entire site

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