Yuan/Bitcoin Correlation – Currency Analysis

Yuan/Bitcoin Correlation – Currency Analysis

Many traders predict the Chinese Yuan to fall against the dollar as it adjusts to tariffs. The prediction is estimated to hit a low of 6.60.

CNY

Short traders will experience loss as many think because of trade tensions, the economy is at a state of difficulty. China though has an impressive past of recovering from short term lows and is not to be underestimated. China is working on stabilizing the Yuan and dislikes traders being overly one sided.

As a result of CNY/USD tensions, BTC is going up. This speculation comes from the monitoring of Donald Trump imposing tariff changes and Bitcoin ultimately rallying in turn.

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Ivy Heffernan

Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.

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