Upward pressure on bitUSD peg due to Chinese demand?
Doubt it. Probably someone trying to hedge because of the bug yesterday, expecting BTS price to fall.
The BitCNY announcement, thanks to Gulu, BTC38 and the Chinese Marketing team is so positive luckily it looks like it's cancelled that negative out & then some.
(That's what good marketing events/announcements do, unlike our release of BitShares.org which sent BTS down 10% that day...)
Edit: Ok, I see CMC says $1.18, yeah that must be wrong.