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CNH Once Swells 300bps+ vs USD; USD Wanes Broadly against APAC Currencies
Recommend 5 Positive 8 Negative 11 |
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The U.S. has proactively engaged China on trade negotiations, and China’s Ministry of Commerce stated it is evaluating the situation. CNH advanced, reaching 7.2447 against USD at one point, up over 300 bps, and last printed at 7.2479, up about 0.4%. USD waned against most Asian currencies, sagging over 2% against KRW to 1,405. It also declined 0.5% against PHP, 0.8% against IDR, INR and SGD, and about 1% against MYR. AUD and NZD added 0.6% and 0.5% against USD, respectively. USD/ JPY remained around the 145 level, currently at 145.13. AAStocks Financial News |
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