Weekend comments merely add another layer of tariff threats to China, ING’s FX analysts Chris Turner note. USD/CNY set to test the upper 2% band of the onshore range “Overnight, USD/CNH has pushed up to the highest levels since July as the People’s Bank of China fixed USD/CNY close to 7.20.” “It looks like USD/CNY will test the upper 2% band (7.3430 if fixings remain near 7.20) of the onshore range.” Source: https://www.fxstreet.com/news/usd-cnh-pushes-up-to-the-highest-levels-since-july-ing-202412030946