Spot USD/CNY busted above the 7 mark today (30th) and reached a new high since May 2023. It rose 197 bps to close at 6.9901.As of 4:37 pm, USD/CNY in the night session grew 176 bps. Meanwhile, USD/CNH climbed 151 bps to 6.9826, trading 75 bps higher than USD/CNY.Related NewsOvernight Shibor Drops 0.5 Bps to 1.267%