Back
19 Mar 2014
USD/CNY hits 6.1965 high
FXStreet (Bali) - USD/CNY has posted a new high of 6.1965 for the session ,after a PBOC fix of 6.1351 vs 6.1341 Tuesday.
Currently, the rate is above the 1% trading band, with the rate still allowed to travel another 1% higher before hitting its limit up.
As said in recent articles, there is some near by WMA exposure above 6.20. Meanwhile, the offshore yuan or USD/CNH, is now trading at 6.1813 from a session high of 6.1855, with proximity of WMP structures that may be potentially stripped out above 6.20.
Currently, the rate is above the 1% trading band, with the rate still allowed to travel another 1% higher before hitting its limit up.
As said in recent articles, there is some near by WMA exposure above 6.20. Meanwhile, the offshore yuan or USD/CNH, is now trading at 6.1813 from a session high of 6.1855, with proximity of WMP structures that may be potentially stripped out above 6.20.