USD/CNH remains pressured around intraday low after snapping eight-day uptrend. Market sentiment dwindles amid a lack of major data/events. Fedspeak, stimulus hopes favor buyers versus Sino-American tussles, covid variant woes. USD/CNH bears flirt with intraday low surrounding 6.4760, following the first negative daily closing in nine days, amid early Thursday. The cross-currency pair jumped to
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Manchin comments to NBC News Comments from Senator Manchin yesterday highlight a path forward on US infrastructure that could involve a bi-partisan infrastructure deal on physical infrastructure coupled with a Democrat-only bill that focuses on what Biden calls ‘human infrastructure’. Manchin is key because he’s a soft Democrat who has insisted on trying to strike