China Reopens after Holiday Week, How Will the Yuan Respond?

The offshore Yuan (CNH) rose to the highest level in two months against the US Dollar this week thanks to a smaller-than-expected drop in China’s foreign reserves combined with Chair Yellen’s testimony saying that negative rates are not out of the question for the US economy.


from DailyFX - Forex Market News http://www.dailyfx.com/forex/fundamental/article/special_report/2016/02/13/China-Reopens-after-Holiday-Week-How-Will-the-Yuan-Respond-TOFrm.html?DFXfeeds=forex:fundamental:article:special_report