The USD/CNY price drifted upwards slightly on Wednesday after the latest Chinese economic numbers. It rose to a high of 6.8808, which was a few points above this week’s low of 6.8375. The price is sti...
Tag: USDCNY
USD/CNY forecast after the latest China news on trade, geopolitics
The USD/CNY exchange rate continued rising as the National Party Congress (NPC) event continued. It also rose after the latest China trade numbers, which showed a dramatic increase in surplus as impor...
USD/CNY analysis ahead of the National People’s Congress
The USD/CNY exchange rate continued its bullish comeback as investors wait for the upcoming National People’s Congress (NPC). It also rallied amid the ongoing convergence between the Federal Reserve a...
USD/CNY forecast as the renminbi crash eases
The USD/CNY exchange has been in a strong bullish trend this year, pushing the Chinese yuan and the renminbi to the lowest level since August 2020. The pair has jumped by almost 10% this year. This me...
Why Mark Mobius thinks U.S. stocks haven’t bottomed — and where he sees emerging-market opportunities
U.S. markets have provided plenty of excitement this year to keep investors on their toes. But as badly as U.S. and European stocks have performed since the start of the 2022, emerging-market equities...
USD/CNY forecast as China economy stages a comeback
The USD/CNY pair rose for the fourth straight day after the latest Chinese trade and consumer inflation data. It rose to a high of 6.6934, which was the highest level on June 2nd this year. It has ris...
Yuan-ruble trading explodes 1,000% in latest challenge to U.S. dollar’s dominance
The Russian ruble has rebounded sharply off the lows seen after the invasion of Ukraine, although there remains a wide margin between prices quoted in Moscow and those quoted offshore. But in the late...
USD/CNY forecast as the Chinese yuan meltdown continues
The Chinese yuan is going through its worst devaluation since 2018 as signs of economic slowdown emerge. The USD/CNY has risen in the past five straight weeks and is currently trading at the highest l...
USD/CNY darts upwards as Shanghai Covid cases rise
The USD/CNY rose while Chinese stocks declined sharply after the number of Covid-19 cases in Shanghai worsened. The Chinese yuan is trading at 6.37 against the US dollar while CSI and Hang Seng declin...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...