7.1 is a ’round number’ psychological level for the USD/CNY refernce rate fixing.
Today:
EUR, AUD, GBP …. all have popped.
I wouldn’t be looking for an extended follow through in the hours ahead, we may have to wait for Europe and the US. EUR/USD looks like it may well be pinned by this:
This article was written by Eamonn Sheridan at investinglive.com.
