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Nov 03 - 04:55 AM
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EUR/USD - China's Policy Tweak Likely To Support EUR/USD
By Jeremy Boulton — Nov 03 - 02:46 AM
• China hikes FX RRR in order to stem CNY rise
• Yuan rally began in earnest around 95.35 in Jan 2026
• EUR/USD peaked at 1.2084 in January 2026
• Yuan reached 103.7 vs FX basket in October
• EUR/USD sank to lowest since Apr 2025 at 1.1105 in Oct
• 1.1105 is mid-point 1.0125-1.2084 2025-2026 rise
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CNY vs FX basket and eurusd
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters