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 Soared to 10-Month High, What’s Next?
S16.6692 W R36.7370 S
S26.6574 M R26.7176 M
S36.6419 S R16.7067 M
Trend
up
Volatility
7%

News


Yuan Soared to 10-Month High, What’s Next?

External geopolitical tensions and internal economic uncertainties have the Yuan at risk.
Continue Reading


FX Markets See Light Calendar Ahead: Chinese, US CPI; RBNZ Meets


Yuan Looks to China’s Q2 GDP, US-China Economic Talks


Yuan Eyes on New Yuan Loans, Trade Prints


Yuan Looks to Caixin PMI, Xi’s Trip for Further Strength


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

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

Your Forecast Is Headed to Your Inbox

Read more articles on DailyFX

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

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous