Trade The World
USD/CNH holds near 7.13 amid mixed PMIs – BBH
Par FXStreet Insights Team
Date de publication: 30 Sep 2025 | Date de modification: 30 Sep 2025
POPULAR ARTICLES
USD/CNH consolidates near 7.1300 amid mixed Chinese PMI data, with the downtrend intact as structural growth challenges persist, BBH FX analysts report, BBH FX analysts report.
USD/CNH consolidates near 7.1300 amid mixed Chinese PMI data, with the downtrend intact as structural growth challenges persist, BBH FX analysts report, BBH FX analysts report.
Chinese data fails to alter USD/CNH downtrend
"USD/CNH is directionless around 7.1300. China’s September PMIs were mixed. The official PMI showed the contraction in manufacturing activity eased to 49.8 vs. 49.4 in August while the private-sector RatingDog PMI showed manufacturing activity expanding at the fastest pace in six months to 51.2 vs. 50.5 in August."
"Similarly, the official PMI showed non-manufacturing activity stalling at 50.0 vs. 50.3 in August while the private-sector RatingDog PMI showed services activity remained solid at 52.9 vs. 53.0 in August."
"Overall, to address its soggy growth outlook, China must shift its growth model toward one in which domestic consumption plays a greater role. In our view, a gradual revaluation of China’s currency could help China stimulate consumer spending by boosting disposable income through cheaper imports. Bottom line: USD/CNH downtrend is intact."
FXStreet
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Read More
