USD/CNH hits 13-month lows below 7.0800 as Fed rate cut bets increase
USD/CNH extends its losses for the fourth consecutive day, reaching a 13-month low of 7.0782 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) comes under pressure, with softer United States (US) economic data boosting expectations of a Federal Reserve (Fed) rate cut in December. The CME FedWatch Tool suggests …
USD/CNH hits 13-month lows below 7.0800 as Fed rate cut bets increase Read More »