The post USD/CNH looks bearish on the day – BBH appeared on BitcoinEthereumNews.com.

USD/CNH is drifting lower. China economic activity edged up in March, BBH’s FX analysts report. Outlook set to remain unimpressive “The composite PMI increased to a three-month high at 51.4 vs. 51.1 in February driven by a pick-up in manufacturing and non-manufacturing growth momentum. The manufacturing PMI rose 0.3 points to a one-year high at 50.5 (consensus: 50.4) and the non-manufacturing PMI improved 0.4 points to three-month high at 50.8 (consensus: 50.6).” “However, the growth outlook will remain unimpressive as long as policymakers fail to address the root cause of weak consumption spending activity: low household income levels, high precautionary savings, and high levels of household debt.” Source: https://www.fxstreet.com/news/usd-cnh-looks-bearish-on-the-day-bbh-202503311134

---

Filed under: News - @ March 31, 2025 12:27 pm