CNY news

The USD/CNY is up for the sixth straight day as traders react to the latest data dump from China and the release of the digital yuan. It is trading at 6.5537, which is slightly higher than the year’s low of 6.5198. USD/CNY chart China releases strong numbers The Chinese…

The USD/CNY is under pressure today as the market reacts to the impressive trade data from China. The pair is trading at 6.5360, which is the lowest it has been since June 2018. USD/CNY drops after strong China data China impressive trade numbers Recent data from China provide more…

The Chinese economy continued to fire on all cylinders in November as demand from local and internal sources increased. The USD/CNY is trading at 6.5826, which is more than 8% below this year’s high of 7.1785. USD/CNY reacts to China manufacturing data China manufacturing PMI rises for 9 straight…

The Chinese economy is firing on all cylinders as evidenced by the latest fixed asset investment, unemployment rate, and retail sales numbers. That has pushed the Chinese yuan to the highest level against the US dollar since June, 2018. The USD/CNY is trading at 6.5800. USD/CNY has dropped to…

The USD/CNY price is down by 0.25% as traders react to the overall weaker dollar and China’s weak inflation data. It is trading at 6.6118, which is slightly higher than yesterday’s low of 6.5622. USD/CNY retreats after weak China inflation data US dollar falls on vaccine hopes The US…

The USD/CNY price is little changed today as traders react to the impressive manufacturing data from China. The pair is trading at 6.6845, which is a few pips above the lowest level since April 2019. Chinese yuan steady China manufacturing activity rebounds China, the first country to have the…

The USD/CNY is crawling back after falling by more than 2% yesterday. The pair is reacting to a new directive by the People’s Bank of China (PBOC) and mixed trade numbers. It is trading at 6.7525, which is higher than yesterday’s low of 6.6938. USD/CNY pares back losses China…

The USD/CNY price is little changed as investors react to the strong Chinese services PMI numbers. The pair is trading at 6.7907, which is slightly above the PBOC’s fixing rate of 6.7796. USD/CNY 4-hour chart China strong services PMIs China has been an outlier this year. While its economy…

The USD/CNY pair declined to the lowest level since May 2019 as the market reacted to a series of strong economic data from China. The pair is trading at 6.7860 and is in its eighth straight weeks in the red. It has fallen in 14 of the past 16…

The USD/CNY pair dropped by almost 0.20% as traders reacted to strong trade numbers from China. It is trading at 6.8300, which is a few pips above its lowest level since May 2019. USD/CNY reacts to China trade data China exports rose in August China has been the best-performing…

The USD/CNY pair declined as investors reacted to the strong services PMI data from China. It is trading at 6.8300, which is slightly higher than this week’s low of 6.8122. USD/CNY falls on impressive China services PMI China services sector makes progress The Chinese economy has been firing on…

The USD/CNY pair declined as investors reacted to the mixed manufacturing and non-manufacturing PMI data from China. The pair is trading at 6.8481, which is a few pips above the January low of 6.8412. It is down by more than 4% in the past three months. USD/CNY falls as…

The USD/CNY pair is little changed today as traders react to the rising tensions between the US and China. The pair is also reacting to the relatively strong inflation data from China. USD/CNY rises slightly in reaction to US-China tensions and inflation US-China tensions rising The USD/CNY pair has…

The USD/CNY pair declined slightly during the Asian session as traders reacted to the upbeat industrial profit data from China and the rising tensions between the US and China. The pair is trading at 7.000, which is an important psychological level. USD/CNY declines after strong industrial profits China industrial…

The USD/CNY pair is little changed today as traders react to the latest GDP data from China. The pair is trading at 6.9960, which is slightly higher than the intraday low of 6.9826. Analysts at Goldman Sachs expect the yuan will rise to 6.70 against the dollar. USD/CNY unchanged after…

The USD/CNY pair declined by more than 0.25% as traders reflected on the latest inflation data from China. The pair is trading at 6.9861, which is the lowest it has been since March 13. USD/CNY gains momentum China inflation rises in June The Chinese yuan has been rallying this week.

The USD/CNY pair is little changed today as traders focus on the improving Chinese economy. The pair is trading at 7.0855, which is higher than last week’s low of 7.0540. USD/CNY little changed Chinese retail sales make modest improvement More people in China went out shopping in May, according to…

The USD/CNY dropped slightly as investors continued to doubt the strength of the Chinese economy after the statistics office released weak PPI and CPI data. The pair is also awaiting the interest rate decision by the Federal Reserve. USD/CNY falls ahead of FOMC decision China deflation continues China’s factory deflation…

The USD/CNY rose slightly after the China Bureau of Statistics released slightly better industrial profit data. The pair is trading at 7.150, which is close to its yesterday’s high of 7.1425. USD/CNY rises on relatively strong industrial profit China industrial profits fall China has been affected significantly by the current…

The USD/CNY pair fell after the Chinese statistics office released weak first quarter economic data. The numbers were the first to shed light on the impact of coronavirus to the Chinese economy.The data showed that the economy contracted by 9.8 per cent, which was the worst economic performance in recent…

The China Federation of Logistics and Purchasing (CFLP) released its monthly report on manufacturing and non-manufacturing purchasing managers’ index (PMI) on Tuesday. The data suggested both sectors to have improved in March following a sharp decline in February that was attributed to the widespread Coronavirus that has so far infected…

Amidst the rising pressure on the economy due to the Coronavirus pandemic, China’s Central Bank took a surprise decision of reducing reverse repurchase agreements rate by 20 basis points. The rate cut marked the largest in around 5 years. According to an announcement via its website, the People’s Bank…