Reply To: Forex Weekly Outlook – The US Dollar Continues Pullback with Risk-On Flows

#37661
TradersCom
Keymaster

Chinese yuan on Monday at one-week highs on easing of lockdown restrictions

USD/CNY trades down to 6.64 levels, lowest since 23 May on the day, hovering around 6.64 levels currently.

The strengthening in the yuan comes as China is scaling back on lockdown measures in Shanghai and Beijing, with the former also introducing measures to bolster the local economy: