USD/CNY has gained a bit of ground in the past few sessions to around 6.73. Economists at Commerzbank expect a strong greenback and widening interest rate differential between CNY and USD rates to dominate the pair.

USD/CNY to shrug off possible rollback of tariffs

“The FX market is seemingly expecting some sort of easing in tariffs and an eventual announcement, therefore, may not have much impact.”

“The strong USD and widening interest rate differential between CNY and USD rates are likely to remain the key drivers for USD/CNY.”