“The US dollar continues surging towards the key 6.80 level against the yuan on the backdrop of broader USD strength,” said Stephen Innes, senior trader at Oanda.

“Given the proximity of the US election, it would make sense to see some position squaring ahead of the event, making an outright test of 6.80 unlikely, at least for today, said Innes.

South China Morning Post

Chinese Yuan Symbol isolated on white background. 3D render