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Jul 15 - 08:55 PM
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USD/CNH Soggy After US Producer Inflation Surprises Lower
By Ewen Chew — Jul 15 - 07:35 PM
• USD/CNH sagged to 6.7684 Wed, likely to head lower still
• Bearish cues align as 21, 55 DMAs both turning south
• Bollinger downtrend channel in effect, capping at 6.7792
• US producer prices surprisingly fell in June
• Data tanked UST yields, weighed on USD broadly, lifted stocks
• China bank lending disappoints on weak demand
CNH
(Ewen Chew is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters