USDCNY continues to push lower after the Yuan gained on China’s huge RCEP trading pact. The new deal saw 15 nations across the Asia-Pacific region signing up to the world’s largest regional free trade agreement.
USDCNY
USDCNY: Chinese Yuan Gains on Biden Election Lead
USDCNY saw big gains into the end of the week after Trump’s pole position in the election was surrendered with Joe Biden apparently closing in on the win despite the ongoing count. The state of Georgia has announced a recount while legal wrangling continues in other swing states. The country […]
USDCNY: Yuan Falls as Trump Moves Into Election Pole Position
The USDCNY rallied on Wednesday after President Donald Trump took pole position in the election race. The incumbent needs 57 votes for a second term, but he appears to have a hold on the key state of Pennsylvania, which provides 20 votes, and also Georgia and North Carolina, which would […]
USDCNY: Yuan Rises After China Unveils New Five-Year Plan
The Chinese Yuan bucked the U.S. dollar strength this week after the Chinese leadership unveiled its new 5-year plan. The current plan expires in 2021 and this was set to define the nation’s economic policies until 2026, but with a view to 2030. China will follow a “dual circulation” model, […]
USDCNY: A Big Two Weeks Ahead as CCP Meets Before U.S. Election
The USDCNY pair could see a big two weeks ahead as the Chinese Communist Party meets to craft a 5yr plan ahead of the U.S. election in just over a week. The two events are sure to see volatility in the pair that represents the world’s two largest economies. The […]
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: Dollar Tries to Recover but Biden Advisor Warns on Decoupling
The U.S. dollar is trying to recover from the recent strength in the Chinese Yuan, which sees the pair at 6.7900. The Chinese currency has strengthened 5% versus the greenback since May 27th due to the disparity in the economic recovery of both nations. An economic adviser to Presidential Candidate […]
USDCNY Sees Continued Weakness as Chinese Recovery Builds
The USDCNY pair is seeing fresh lows as expected, with recent data showing a Chinese economy that is bucking the trend of a global slump.
USDCNY: The Dollar Rally Didn’t Trouble the Yuan
The USDCNY has seen little gains from the recent US Dollar rally against global currencies. The underperformance highlights the difference in the growth outlook for both countries.
Please sign in to read this article.
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 […]