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
China Gains Power to Impact Capital Flows in Asia after MSCI’s Inclusion
S16.8030 W R36.8899 S
S26.7674 M R26.8540 M
S36.7499 S R16.8401 W
Trend
up
Volatility
7%

News


China Gains Power to Impact Capital Flows in Asia after MSCI’s Inclusion

MSCI’s approval on Chinese A-shares will have long-lasting impact to China, as well as its Asian counterparts.
Continue Reading


Yuan Gains as MSCI Accepts China A-Shares After 3 Years of Denial


FX Markets Turn to Central Banker Speakers, RBNZ Decision, Canadian CPI


Yuan Eyes MSCI’s Decision on A-Shares Inclusion


Yuan Looks to Fed, Chinese Investment for Direction


Real Time News




Get Your Free Top Trading Opportunities Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please fill out this field.
Please enter valid phone number
Please select a country
Read our full privacy policy

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo Or, read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous