USDCNH chart

USDCNH chart by TradingView

USD/CNH

This pair represents the US Dollar against offshore Chinese Renminbi. The Renmibi is also often referred to as the Yuan in its unit designation and uses the letters CNY when trading inside of China. The Yuan used to be pegged to the US Dollar but is now allowed to trade a limited distance against the reserve currency on a daily basis. China is the world's largest exporter and remains the second largest economy, behind the United States. China has used its control over its exchange rate to help ward off global financial crisis and maintain its dominant trade position - an effort that has drawn accusations that it is manipulating its currency.


Support & Resistance

USD/CNH
Yuan Eyes on China GDP, Fixed Asset Investment
S16.3844 W R36.5451 S
S26.3189 M R26.4962 M
S36.2128 S R16.4665 W
Trend
up
Volatility
7%

News


Yuan Eyes on China GDP, Fixed Asset Investment

Key Chinese economic gauges have the Yuan at risk from home next week; at the same time, Chinese regulator’s view on the currency will continue to play a role.
Continue Reading


Yuan Plunges After PBOC Changes Managed Regime, What to Expect Next?


Yuan May Extend Gains on New Policies, China-France Summit Adds Uncertainties


Yuan’s Review in 2017 and Top Drivers in 2018


FX Markets Have Busy Week with UK & US CPI, Plus BOE, ECB, & FOMC


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