Markets

USD/CNY - US Dollar to Chinese Yuan

6.8180
06:52:51(GMT)
-0.0058
(-0.08%)*Daily Change

TECHNICAL SUMMARY

SELLMoving Averages
NEUTRALTrend Indicators
BUYNumeric Indicators
NEUTRALVolatility Indicators

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LATEST NEWS

Trump and Brexit are set to dominate financial markets in 2017
5 days ago

The Impact of Trump and Brexit in 2017

The year 2017 is shaping up to be one of the most volatile and exciting times for the financial markets in recent years and we believe that two events in particular will play the most important part on how the year unfolds. As the whole world already knows, Donald Trump has been elected president of … Continue reading The Impact of Trump and Brexit in 2017

25 days ago

Risk Off and The Dollar

U.S equities took a large step in the wrong direction on Wednesday, the Dow closing at 19,833.68 with any hopes of a late Christmas present for the bulls dashed, 20,000 seemingly elusive during the holiday period. While the Dow slipped, the Dollar recovered from early losses through the Asian session on Wednesday to close out … Continue reading Risk Off and The Dollar

Asian-Markets
2 months ago

Asian Markets Turnaround as The Dollar Takes a Breather

This morning, Asian markets mounted a turnaround with an impressive recovery as the US Dollar took a time out and oil prices recovered a bit. The US Dollar Index, which measures the greenback against a basket of currencies, eased back from its 13 year high of 101.48 that it reached last week. The Dollar, as … Continue reading Asian Markets Turnaround as The Dollar Takes a Breather

donald-trump-us-president
2 months ago

U.S. Dollar Soars as Investors Bet on Trump and Inflation

Last week’s election of Donald Trump as president of the United States helped drive the December U.S. Dollar Index to its highest level in more than nine months as investors speculated that his proposed economic plans and policies would lead to increased U.S. inflation. His plans which include the renegotiation of free-trade deals and large … Continue reading U.S. Dollar Soars as Investors Bet on Trump and Inflation

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LATEST FORECASTS

James Hyerczyk

Annual Forex Market Outlook – 2016

2016 started out with the main focus on the U.S. Federal Reserve. It had just raised rates in December 2015 for the first time in 10 years to 0.50%. It was also forecasting that FOMC members expected rates to be between 1.25% and 1.5% at the end of 2016, or around four rate hikes. As … Continue reading Annual Forex Market Outlook – 2016

Barry Norman

USD/CNY Fundamental Forecast – April 29, 2016

The USD/CNY tumbled 14 points in off shore trading as the dollar continued to fall after the FOMC statement released last evening. The yen is trading at 6.4936. The Federal Open Market Committee kept the target range for its overnight lending rate at 0.25 percent to 0.5 percent, as expected, noting an improvement in the US labor … Continue reading USD/CNY Fundamental Forecast – April 29, 2016

James Hyerczyk

USD/CNY Fundamental Forecast – April 28, 2016

The USD/CNY traded flat-to-lower, finishing at 6.5015, down 0.0002 or -0.00%, with corporate dollar demand seen offsetting a slightly stronger central bank midpoint and suspected state bank intervention. Prior to the market opening, the People’s Bank of China set the mid-point rate at 6.4837 per dollar, 0.07 percent firmer than the previous fix at 6.4882, … Continue reading USD/CNY Fundamental Forecast – April 28, 2016

Barry Norman

USD/CNY Fundamental Forecast – April 27, 2016

The USD/CNY gained 2 points to 6.4932 after the fixing by the PBOC. There was little action and no data out of China. According to Reuters The yuan edged lower against the dollar after the central bank fixed the softest midpoint this month as the dollar rallied from last week’s trough. Prior to the market’s open, the … Continue reading USD/CNY Fundamental Forecast – April 27, 2016

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