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CNH Once Swells 300bps+ vs USD; USD Wanes Broadly against APAC Currencies
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 US...
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CNH Once Swells 300bps+ vs USD; USD Wanes Broadly against APAC Currencies
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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%.

Related NewsUS Takes Initiative to Reach Out to CN for Tariff Talks, Says CCTV's Media Arm
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.

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