USDCNY: Dollar and Yuan Slug it Out With Strong Data

USDCNY bulls got a much-needed rally this week after strong U.S. inflation results. Although the numbers came in as expected, the release showed there is still underlying support for prices in the world’s largest economy. The inflation figures came in at 1.4% which was expected by economists but helped to […]

USDCNY Trades at Yearly Low as Trade Talks Continue

The USDCNY pair is trading near its 2020 low once more as the Chinese currency strengthens on U.S. dollar weakness and a commitment from both superpowers to reach a phase one trade deal. Negotiations had been planned for August 15th but were postponed by President Trump who stated in an […]