Forex cny chart

USD to CNY Exchange Rate - Bloomberg Markets

Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure. GBP Reacts to CB Talk as the Queen Speaks. Gold, USD Strong Inverse Correlation and in Confluence. FTSE Further Develops Range on Sharp Turn Lower.

Dow Jones Industrial Average Struggles to Hold the Gap Higher.

This pair represents the US Dollar against offshore Chinese Renminbi. The Renmibi is also often referred to as the Yuan in its unit designation and uses the letters CNY when trading inside of China.

EURCNY=X : Summary for EUR/CNY - Yahoo Finance

The Yuan used to be pegged to the US Dollar but is now allowed to trade a limited distance against the reserve currency on a daily basis. China is the world's largest exporter and remains the second largest economy, behind the United States.

China has used its control over its exchange rate to help ward off global financial crisis and maintain its dominant trade position - an effort that has drawn accusations that it is manipulating its currency.

Yuan Gains as MSCI Accepts China A-Shares After 3 Years of Denial. The Chinese Yuan gained against its major counterparts after MSCI ruled to include Chinese A-shares in its emerging market index after 3 years of rejection.

FX Markets Turn to Central Banker Speakers, RBNZ Decision, Canadian CPI. Yuan Looks to Fed, Chinese Investment for Direction. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

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