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28 Feb 2014
USD/CNY nears limit-up area, AUD selling may ease
FXStreet (Bali) - The Chinese Yuan approached the -1% limit down vs the USD, after falling -0.97% from today's reference rate at 6.1214.
The current levels the USD/CNY trades at suggests further CNY-driven AUD selling may slow down or at least without the excuse of the Yuan weakness as catalyst after the sharp rotation from 0.8988 to 0.8944.
The current levels the USD/CNY trades at suggests further CNY-driven AUD selling may slow down or at least without the excuse of the Yuan weakness as catalyst after the sharp rotation from 0.8988 to 0.8944.