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TYPE Currency
GROUP Majors
BASE US Dollar
SECOND Chinese renm...
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USD/CNY Signals

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Long Term
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Trading Feed
The Chinese yuan has fallen to trade at the lowest levels seen since four months against the US dollar on the prospects of rapid economic
3 yrs
In a sign of improving economic conditions, China's Vice Premier Han Zheng confirmed that the nation is planning to increase imports of high
3 yrs
The rise in new home prices across China sped up during February as demand soared, especially in major cities across the world's second
3 yrs
The latest figures for industrial production and retail sales across the world's second largest economy have registered a sharp increase
3 yrs
Consumer prices across China posted a decline for the month of January after registering a slight recovery towards the end of 2020, on the
3 yrs
The services sector in China posted its slowest growth seen in nine months during January, owing to the resurgence of coronavirus cases
3 yrs
The pace of growth in the manufacturing sector activity across China eased to the lowest level seen in seven months during January on the
3 yrs
More News

About the USD/CNY (US Dollar and Chinese yen)

The USD/CNY pair is the abbreviated term used for US Dollar and Chinese yen. the US Dollar and Chinese yen do not have a nickname. Before we get into the particulars, what exactly does USD/CNH rate mean? The exchange rate tells you how many China's national currency (the quote currency) are required to purchase one US Dollar (base currency). For example, if the pair is trading at 6.73, it means it takes 6.73 Chinese yen to buy 1 US Dollar

Breaking Down ‘USD/CNY

The United States dollar, or the American dollar, is the official currency, or money, of the United States of America and is also used in a number of different countries across the border. It is also the standard money for global markets selling goods such as gold and oil (fuel). While writing, the symbol for the American dollar is the dollar sign ($). Dollars can also be known as USD (U.S. Dollar).

The renminbi (RMB, ¥; code: CNY;) is the currency of the People's Republic of China. It is the official currency used in China. Sometimes You can use this currency in Hong Kong and Macau and in those areas you can exchange very easily. The currency is published by the People's Bank of China, the financial authority of China. Its name means "people's currency"

USD/CNY is the eighth most traded currency pair and the most popular CNY pair. USD/CNY pair is one and the only pair in the top 30 most traded ranked Overall, CNY is the ninth most traded currency

Currency Correlations

Correlation is merely a mutual relationship or connection between two or more things.

Positive correlation – The positive relationship merely is when pairs move in tandem with each other.

In the forex world, the SEK/JPY, USD/PLN, and AUD/USD currency pairs are positively correlated

Negative correlation – In contrast, a negative relationship is when forex pairs move in the opposite direction, For example, SEKJPY, AUDUSD, and EURJPY

The U.S. Dollar vs. the offshore Chinese Renminbi. The Renminbi (CNH) is the designation used when the currency is traded offshore. It usually referred to as the Yuan and uses the letters CNY when traded inside China. China is the world’s second-largest economy behind the U.S. but is the world’s largest exporter.

Economic Events: The movement in the US Dollar economic and Chinese yen events determine the exchange rates. Top of the line economic events includes GDP, Employment Change, Industrial Production, and Consumer Price Index. Better than forecast data increases the demand for related currency and impacts the value of either the US Dollar and Chinese yen, causing fluctuations in the USD/CNY exchange rate.

Major Economic Events

Gross Domestic Product – the gross domestic product is the central measure of economic growth in the region.

Employment Change – The Sterling is also sensitive to changes in employment, as slacks in the labor market causes a drop in Inflation rates.

Consumer Price Index – Since one of the goals of the BOP is to maintain price stability, they keep an eye on inflation indicators such as the CPI. If the annual CPI deviates from the central

Industrial Production – This measures a change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

Political Events - Another critical factor is the political aspect. Instability, as seen in the Brexit referendum, can entirely change the direction of the currencies. So, stay up-to-date on the latest political and economic news.

What Determines the USD/CNY exchange Rate?

Several factors can impact the USD/CNY rate valuation, including:

FRS & PRC Monetary Policies: Federal Reserve System & the People's Bank of China control the supply of money in the market, to keep the economy on track. A dovish policy, which is also known as expansionary policy, from either of the central banks, weakens the related currency. In contrast, a hawkish monetary policy (contractionary policy) strengthens the currency

USD/CNY Specifications

The USD/CNY is traded in amounts denominated in the US Dollar.
Standard lot Size: 100,000
Mini lot size: 10,000
One pip in decimals 0.0001
Pip Value: $1.48