Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
USD/CNH closed above 7.000 for first time in 26-months
Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.
China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00
The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.
Is USD/CNH set for a multi-month rally?
If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.
Why trade with FOREX.com?
Tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K).
Award-winning platforms with fast and reliable execution.
USD/CNH Still Capped by Bearish Trend Line
While further exchanges of actions and rhetoric between the two biggest economies in the world are expected, the U.S. dollar is weakening against the Chinese yuan...
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.