News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:
  • Will be discussing the Dow Jones and S&P 500 as retail trader signals hint bearish potential Starts in 30 minutes!
  • RT @FxWestwater: Australian Dollar Outlook: Inflationary Theme in Spotlight as $AUDUSD Sputters Link:…
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here:
  • 🇰🇷 Unemployment Rate (APR) Actual: 3.7% Previous: 3.9%
  • All 9 Dow Jones sectors ended lower, with 90% of the index’s constituents closing in the red. Energy (-2.62%), financials (-2.43%) and consumer discretionary (-1.82%) were among the worst performers, while materials (-0.23%) registered small losses.
  • RT @ZabelinDimitri: What could go wrong?!
  • Heads Up:🇰🇷 Unemployment Rate (APR) due at 23:00 GMT (15min) Previous: 3.9%
  • (Tech Special) British Pound Analysis: GBP/USD, EUR/GBP. GBP/JPY in Focus After Sterling’s Jump $GBPUSD $EURGBP $GBPJPY #GBP #Sterling
  • The British Pound gained aggressively, placing the focus on levels that may send GBP/USD and GBP/JPY lower, with EUR/GBP still open to a turn higher. Will Sterling’s advance continue? Get your $GBP market update from @ddubrovskyFX here:
USD/CNH Spikes After Soft Chinese Data, Trade War News in Focus

USD/CNH Spikes After Soft Chinese Data, Trade War News in Focus

Megha Torpunuri,


  • Offshore Yuan fell after weak industrial profits reports
  • PBOC intervention to stem widespread Yuan selloffs
  • $16b reciprocal tariffs, resumption of trade talks in focus next

The offshore Chinese Yuan fell against the greenback as local economic data crossed the wires during Monday’s trading session. Year-over-year industrial profits for July clocked in at 16.2%, a decrease from June’s 20.0%. This underperforming economic data, similar to the fall in July’s retail sales and the uptick in China’s jobless rate, could potentially indicate the negative effects of President Trump’s tariffs on Chinese goods.

USD/CNH 5-Minute Chart

USD/CNH Spikes After Soft Chinese Data, Trade War News in Focus

Weakening economic activity has contributed to widespread Yuan selling, leading the People’s Bank of China to intervene to defend the currency. Recently, the PBOC had to step in when USD/CNH broke above 6.90 twice in order to tighten offshore liquidity. Furthermore, the local monetary authority also hiked the reserve require ratio on foreign exchange forwards in order to help the unit.

Looking ahead, uncertainties regarding the US China trade war continue to weigh on the currency. Vice Ministers from each country are set to meet in late August and resume trade negotiations, although the last round of trade talks ended with no clear consensus. In addition, US tariffs on $16 billion of Chinese goods went into effect on August 24th, with China quick to follow with reciprocal restrictions and a threat to file a complaint with the World Trade Organization. Volatility for the currency pair may be in store next.

USD/CNH Trading Resources

--- Written by Megha Torpunuri, DailyFX Research Team

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.