The Chinese Yuan, with USDCNY trading at 7.30942, is facing substantial pressure until economic growth stabilizes, according to Commerzbank.

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USDCNY Chart by TradingView

USD/CNY largely hovered below the 7.30 handle in the second half of August and broke through it in early September to reach 7.35 at one point. Economists at Commerzbank analyze the pair’s outlook.

Source: Commerzbank Research

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