Awaiting Overdue Rebound in USDCNY

<p>Strengthening against US dollar for 8 consecutive months, Renminbi (Chinese yuan) has accumulated gains of about 10% since June 2020. We believe the rally is overextended as China’s economic recovery has shown signs of losing steam while yield differential between US and China has narrowed over the past few months. Recovery in China is losing […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/360277-awaiting-overdue-rebound-in-usdcny/">Awaiting Overdue Rebound in USDCNY</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>