USDCNH

News and data flow were almost non-existent. We did get South Korean December inflation data: 0% m/m (vs. +0.2% expected and -0.5% in November) 3.2% y/y (vs. 3.26% expected and 3.3% in November) It was a subdued session for major forex…

Nomura are tipping a still higher US dollar, citing the September "Higher for longer" rates viewpointof the Federal Open Market Committee (FOMC)and continued equity and bond outflows from China to persist in pressuring the yuanNomura see a…