TREE NEWS reports: The offshore yuan (CNH) closed at 6.7115 per dollar in New York on Wednesday, down 127 points from Tuesday’s close, with intraday trading between 6.6955 and 6.7142. It was the second consecutive daily pullback for the CNH, which had reached 6.6912 on Sept. 21.
Offshore Yuan Slips to 6.7115 per Dollar, Second Straight Daily Decline
AI take
Two consecutive daily declines in offshore yuan are notable less for their size than for what they say about positioning after the Sept. 21 high. The offshore market is where pressure tends to show first, so the widening intraday range matters more than the close. Whether the pair holds above the prior high or revisits it is the open question worth watching.
Generated by AI for reference only.
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