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Market Focus

CNY Weakens As Trade Tensions Ratchet Up

by Felix-Antoine Vezina-Poirier, Chief Strategist  

USD/CNY’s break above 7.3 signals more downside is in store for the yuan, supporting short high-beta FX and long CHF and JPY positions. The CNY has weakened in 2025 even as the US dollar has depreciated against most major currencies and gold. USD/CNY…

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