USD/CNH stays below 7.0000 – BBH
USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third…
Read More »USD/CNH: Likely to recover to 6.9805 – UOB Group
There is scope for US Dollar (USD) to recover to 6.9805; a continued rise is unlikely. In the longer run, deeply oversold conditions and waning momentum suggest the downside potential…
Read More »USD/CNH: Likely to trade in a range between 7.1200 and 7.1300 – UOB Group
Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase…
Read More »Trading Emerging Market Forex Pairs – USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNH
In the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention in recent years for their unique blend of volatility and potential returns.
Read More »USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook
The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical…
Read More »Chinese Yuan Forecast: USD/CNH Trades Around 20-Day SMA Ahead of China CPI, PPI
The Chinese Yuan may fall against the US Dollar if China’s consumer prices for July beat analysts’ estimates. Traders will shift their attention to US CPI data after today’s APAC…
Read More »Chinese Yuan Forecast: USD/CNH Eyes PMI Data as Prices Gyrate Near 2021 Low
The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today's APAC session.
Read More »PBOC sets USD/ CNY reference rate for today at 7.0310 (vs. yesterday at 7.0663)
People’s Bank of China mid-rate for on shore yuan for the day PBOC skips open market operations Offshore yuan has been surging against the USD:
Read More »PBOC sets USD/ CNY reference rate for today at 7.0555 (vs. yesterday at 7.0671)
Onshore yuan central rate from the People’s Bank of China for the session ahead. Stronger CNY again in line with the moves for the USD overnight. – USD/CNY is permitted…
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