Positive Chinese Data & CNH Nearing 7.0 Barrier

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China’s kicked off the year with positive economic releases, while its currency continued to decline further. The US Dollar also continued to rise across the board, while metals are stabilizing. Yet, Crude Oil added more than 1% in its first trading session of the year. In today’s article we will look at the Chinese and the UK data, what does it mean for the local currencies, PBoC and the BoE. De...

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