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Chinese Yuan Technical Analysis: USD/CNH Trump Rally Rolls into US CPI

USD/CNH has mirrored DXY trends quite well of late, and the Trump-fueled rally faces its next major test with US CPI data set for release tomorrow.

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November 13, 2024 08:13 AM
    Research

    USD, yields wobble near month end, CNY to lead AUD/USD higher?

    Soft data and month-end flows jolted the USD at its cycle highs. If the USD pulls back even slightly, it could help lift AUD/USD from its lows and track the yuan higher.

    Research

    The yuan hits a 14-year low and sends USD/CNH above 7.2000

    Another day, another big level gives way for global markets. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.

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    September 28, 2022 01:46 PM

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      Research

      USD/CNH closed above 7.000 for first time in 26-months

      Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.

      Graphic of trading data chart

      Is USD/CNH set for a multi-month rally?

      If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.

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      March 16, 2022 02:19 PM

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