CNY needs weker dollar to rally on basket - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that operating via the CFETS basket, broad USD movements are clearly have bigger sway over CNY/CNH.
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China March Caixin PMI jumps to 1-year high

China's March Caixin manufacturing PMI came at 49.7 vs 48.2 expected and 48.0 last. Today's reading is the highest since March 2015, when the indicator printed 50.7.
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