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.


News


Weekly Fundamental Forecast: A Week Ending Trade War Salvo Leaves Distinct Unease for Next Week’s Trading

Sentiment was just starting to find its balance this past week when another US-China trade war headline involving the US President hit the wires. Will this theme return to prominence next week or will we fall back on scheduled event risk?
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Yuan Looks to Resumed Trade Talks, Summer Davos Forum for Outlook


USD/CNH Poised to Roll Over from Lower High


CNH vs CNY: Differences Between the Two Yuan


S&P 500 and Nasdaq Test Support, Trump Hints at Japan Trade War


Real Time News


Analyst Picks

Paul Robinson

Paul Robinson Market Analyst

My Picks: Bearish USD/CNH
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks

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