Yuan Tests Resistance on Tightened Liquidity

Both onshore and offshore Yuan retraced against the US Dollar this week: the onshore Yuan (USD/CNY) closed at a slightly more bullish position, at 6.6810 following four consecutive drops on a weekly basis; the offshore Yuan (USD/CNH) touched 6.7076 on Monday and then pulled back after Yuan liquidity was tightened in the offshore market.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/article/special_report/2016/07/16/Yuan-Tests-Resistance-on-Tightened-Liquidity-tofRM.html?DFXfeeds=forex:fundamental:article:special_report