USDCNH rises to highest level since early July ...Middle East

The offshore yuan has fallen to its lowest level since July, driven by concerns over potential tariffs from the Trump administration. If such tariffs are imposed on Chinese goods, a weaker yuan could offset some of the impact by making Chinese exports more competitive internationally. This dynamic is shaping up as a key theme as markets adjust to the evolving trade landscape.On the technical front, the USDCNH surged sharply higher yesterday, followed by a period of consolidation, and is now making another push higher today. The pair is approaching the July high of 7.3108, with the most recent peak reaching 7.3046. A breakout above the July high would mark the highest level for the pair since

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