12Trader

The article discusses the recent strengthening of the Chinese yuan (CNY) against the US dollar (USD) following the US's decision to delay certain tariffs on China. This delay is seen as an opportunity for the People's Bank of China to stabilize the currency. Despite the temporary positive outlook, the author cautions that this may just be a momentary relief and highlights the ongoing tensions in US-China trade relations. Key technical levels, such as the 7.00 mark for USD/CNH, are noted as significant for traders, suggesting potential buying opportunities for the US dollar amidst expected volatility.

The article discusses the recent strengthening of the Chinese yuan (CNY) against the US dollar (USD) following the US's decision to delay certain tariffs on China. This delay is seen as an opportunity for the People's Bank of China to stabilize the currency. Despite the temporary positive outlook, the author cautions that this may just be a momentary relief and highlights the ongoing tensions in US-China trade relations. Key technical levels, such as the 7.00 mark for USD/CNH, are noted as significant for traders, suggesting potential buying opportunities for the US dollar amidst expected volatility.