China analysts say the onshore yuan may deviate from the US dollar index

Ahead of the People’s Bank of China’s reference rate setting for USD/CNY today Chinese media carry a piece on the yuan.

Citing analysts as saying CNY (onshore yuan) 

  • is expected to see support from settlement demand and seasonal factors
  • Also that CNY may diverge from the USD index

The USD has been strong, a CNY deviation from it would imply these analysts see a stronger yuan.

Yuan has been strong regardless, this the offshore, CNH:

Ahead of the People's Bank of China's reference rate setting for USD/CNY today Chinese media carry a piece on the yuan.

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