The USD/CNH currency pair has seen a significant decline, marking its fourth consecutive day of losses. During Asian trading hours on Wednesday, the exchange rate plummeted to a 13-month low of 7.0782, driven by increasing bets on a potential interest rate cut by the Federal Reserve. This downward movement reflects growing concerns about the U.S. economic outlook and its implications for monetary policy.
As traders adjust their positions, the weakening of the USD against the Chinese yuan highlights the shifting dynamics in the forex market. With expectations of a more dovish Fed, the USD is under pressure, prompting market participants to reassess their strategies. The sustained drop below the key level of 7.0800 could signal further volatility for the currency pair in the near term, as investors closely monitor economic data and geopolitical developments.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 06:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.