CNH is rising still, hitting highs not since early November 2024:

This further extension for the yuan comes as the PBoC ‘flips’ its damping in the CNY from support for the CNY to an effort to slow its rise:

• PBOC sets USD/ CNY reference rate for today at 7.1833 (vs. estimate at 7.1737)

This article was written by Eamonn Sheridan at www.forexlive.com.

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