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fxJun 10, 2026, 5:53 AM

USD/CNH Downside Risk Below 6.7500 as Yuan Strengthens

USD/CNH edged lower to near 6.7750 in early European trading Wednesday, pressured by the Chinese yuan’s continued strength supported by a trade surplus. Analysts see further downside potential below the 6.7500 level.

USDCNH

The USD/CNH pair traded slightly lower around 6.7750 during the early European session on Wednesday, extending its recent weakness. The decline is attributed to sustained outperformance of the Chinese yuan (CNY), which remains buoyed by a solid trade surplus.

Technical analysis suggests that a break below the 6.7500 mark could open the door for additional losses. The pair faces persistent selling pressure as the yuan continues to attract bids amid favorable trade data.

Market participants are monitoring key support levels, with a sustained move under 6.7500 likely to reinforce the bearish outlook for USD/CNH.

Source: FXStreet Forex News