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Jul 12 - 02:55 AM

EUR/USD - USD/CNH Making Headway Toward 6.8000 As EUR/USD Sinks

By Ewen Chew  —  Jul 12 - 12:50 AM
  • USD/CNH extends to 1-mth high 6.7471 as SSEC -1.0%

  • FX traders brace, position for EUR/USD to breach parity

  • Fall through 1.0000 likely to trigger more USD momentum

  • USD/CNH likely to test 6.8000 psych barrier before long

  • Risk appetite very fragile across stocks, bonds, oil

  • China's rural bank scandal highlights risks nL1N2YT04E

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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