Offshore yuan (CNH) is hitting a 3 week high

<p>The People's Bank of China have been holding the line against a weaker yuan, setting USD/CNY 10+ big figures below prevailing market rates for weeks.</p><p>Offshore yuan is moving to a 3-week high, USD/CNH under 7.2850:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.