In blue wave 4 , the pair subdivided into red A-B-C zig zag. As one would expect, red The Brazilian soybean harvest still poses a threat to the US soybean rally. In addition news out of China could threaten soybean demand. On the down, support comes in at 1. Further down, The downtrend may be expected to continue, while market is trading below resistance level 1. See More Share.
Foreign Currency Exchange - Foreign Currency | HSBC China
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Chinese Yuan to US Dollar Exchange Rate
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Euro/Chinese Renminbi FX Cross Rate
Market: Market:. Quote Overview for [[ item. Go To:. Full Chart. Price Performance See More. Free Barchart Webinars! Live educational sessions using site features to explore today's markets. Most Recent Stories More News. Asian shares mixed after Wall St. DISCA : BIDU : TME : MS : JPM : BAC : While every market is affected in some way by Trump's trade war with China, the US Dollar and Chinese Yuan is where most traders will be looking for opportunity. When it comes to what could happen next, a Bank of America Merrill Lynch Global Research report predicted three scenarios:.
In this case, the bank's analysts said that the CNH would likely remain range bound.
This would be due to China being wary of angering the US by allowing the Chinese currency to weaken, alongside adding to challenges for Chinese exporters by allowing the currency to strengthen. If China and the US do finalise a trade deal, yuan will appreciate, but its rise is expected to be limited. This is because "any deal is likely to include stipulation that would limit the room for any future RMB depreciation," the bank explained.
We can see these theories playing out in the price action over the past two years, with the Chinese Yuan depreciating in the initial months of the trade war, then rising when it appeared that a deal was imminent. However, the Yuan is a long way from being one of the Forex market's most popular currencies, largely due to the influence the People's Bank of China has on its price.
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Top search terms: Create an account, Mobile application, Invest account, Web trader platform. What is the Chinese currency, and how to trade the Yuan. January 06, UTC. Reading time: 11 minutes.
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Yuan trading - What is the Chinese currency? What is the symbol for Chinese currency in trading? With this in mind, the Chinese currency has two different exchange rates depending on the place of negotiation: If the Renminbi is listed onshore, it has the abbreviation "CNY". If the Renminbi is listed offshore, it has the abbreviation "CNH".
This market has a shorter history, but has been growing very rapidly since its creation in The CNH market is generally animated by actors who have a goal other than commercial and personal, such as investment, speculation or hedging, where these activities are very limited on the CNY. What are the characteristics of Yuan trading in Forex? We can note two main factors that impact the Yuan on Forex: Government and People's Bank of China interventions: When it comes to Chinese currency, the role of the central bank is the main factor that impacts the price of the Yuan.
H.10 Foreign Exchange Rates
The People's Bank of China has indeed often intervened to devalue its currency, and continues to regulate it in a much more direct and vigorous way than what the ECB and the Fed. The health of the Chinese economy: The state of health of the Chinese economy also plays an important role in the evolution of the Yuan.
The slowdown or acceleration of the Chinese economy influences the price of the Renminbi. How has the US-China trade war affected trading the Yuan?