Danske Bank predicts a gradual increase in the USDCNH exchange rate, which is currently at 7.14867.

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USDCNH Chart by TradingView

USD/CNH is down to 7.16 after hitting close to 7.30 in early July and EUR/CNH has dropped to 7.88 down from the latest peak at 8.10. Allan von Mehren, Chief Analyst at Danske Bank, analyzes CNH’s outlook.

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