Ahead of the People's Bank of China's reference rate setting for USD/CNY today Chinese media carry a piece on the yuan.
Citing analysts as saying CNY (onshore yuan)
- is expected to see support from settlement demand and seasonal factors
- Also that CNY may diverge from the USD index
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The USD has been strong, a CNY deviation from it would imply these analysts see a stronger yuan.
Yuan has been strong regardless, this the offshore, CNH:
