US Dollar/Chinese Yuan

$USDCNH

151
USDCNH (6.98) - At channel resistance
- A break > 7.00 would target 7.20
- A weaker CNH is likely to see weaker EM FX (ZAR, BRL)
- Currencies most exposed to weaker China growth via trade...AUD by far, then BRL and then $ZAR

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