USDCNY

  • China 'Currency War' Bad For Asia

    China ‘Currency War’ Bad For Asia

    China 'Currency War' Bad For Asia Often China has acted to depress its currency and spark exports in recent years, and one savvy watcher says it soon may do it again. Europe's economic weakness is a problem. China depends on Europe to absorb about 16% of its exports, and China’s exports there rose almost 12%  in ...
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  • Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing China saw a 3rd straight month of deficit in forex (foreign exchange) transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at CNY 841.4-B (US$136.9-B), while sales stood at CNY 1.01-T in October, according to data from ...
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  • Shanghai-HK Stock Link Boosts RMB's Internationalization

    Shanghai-HK Stock Link Boosts RMB’s Internationalization

    Shanghai-HK Stock Link Boosts RMB's Internationalization Giving overseas investors easier access to Shanghai-listed shares is not only important for the opening-up of the Chinese Mainland, but a substantial step forward for internationalization of the RMB Yuan, aka Renminbi. From Monday, the Shanghai-Hong Kong Stock Connect means Hong Kong investors can buy shares in 568 Shanghai-listed ...
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  • The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here Sitting at a 7-day low a break below 87.22 confirms a Double Top is in with the target at 86.10 next. ​ Friday's intra-day 4-yr high did not last very long before closing the session with a Bearish Outside Range day. The weekly charts have also produced ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) USDCNY closed down -0.003 at 6.126. Volume was 100% below average (consolidating) and Bollinger Bands were 39% narrower than normal. Open High Low Close Volume___ 6.129 6.130 6.124 6.126 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading USDCNY closed below the upper band by 28.0%. Bollinger Bands are 63.62% narrower than normal. The narrow width of the bands suggests low volatility as compared to FOREX CNY='s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the ...
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