Yuan Outlook Bearish on Prospect of Increased Liquidity

With a light calendar over the past week, the offshore Yuan rate (CNH) extended losses against the US Dollar for the third consecutive week, testing a key support level at the 38.2% retracement level of the January decline.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/article/special_report/2016/04/23/Yuan-at-Risk-on-Further-PBOC-RRR-CutstofRM.html?DFXfeeds=forex:fundamental:article:special_report