Although the EURUSD downtrend looks strong, many bearish drivers have already been priced in the exchange rates. In such an environment, sellers need a reason to exit shorts. What will be the reason?
<p>Soc Gen on the sliding yuan, forecasting USD/CNY to 7.30 in Q3 of this year</p><ul><li>and to 7.40 in Q4 2023 & Q1 2024</li></ul><p>SG say that <
<p>China’s official NBS PMI Manufacturing rose to 52.0 in March, up from 35.7. NBS PMI Non-Manufacturing also rebounded to 52.3, up from 29.6. Both PMIs are back in expansion region. ̶
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