USD/CNH Rises for Second Day as Safe-Haven Demand Boosts US Dollar
USD/CNH extended gains for a second consecutive session on Friday, trading near 6.7760, as safe-haven flows supported the US dollar amid escalating Middle East tensions.
USDCNH
The USD/CNH pair rose for a second consecutive day during Asian trading on Friday, hovering around 6.7760.
The US dollar strengthened as investors sought safe-haven assets amid heightened geopolitical tensions in the Middle East.
The yuan, in contrast, came under pressure as risk aversion weighed on risk-sensitive currencies.
Source: FXStreet Forex News