USDCNH: 2-year high [6.9850] on the table; ST capped [7.0100/7.0770]| Technical Analysis
Societé Generale, Jason Daw [Head of Emerging Markets Strategy], commented on how the Yuan will only hit (break) above ‘7’ mark -only- if the Authorities in China want such scenario to take place. The strategist gives a 50/50 probability to see this taking place. Over the last 3 months, USDCNH took all the necessary time…
