US Dollar could test 7.3100 vs Chinese Yuan; a sustained break above this level seems unlikely. In the longer run, strong advance indicates there is potential...
US Dollar (USD) is likely to trade in a range between 7.2500 and 7.2780 vs the Chinese Yuan (CNH). In the longer run, increase in momentum...
USD/CNY experienced a sharp down after falling from 7.2760. It briefly dipped below the 200-DMA (7.2200). It’s trading upwards now, but it would be interesting to...
The Chineze Yuan (CNH) edged down after the People’s Bank of China (PBOC) unexpectedly cut the seven-day reverse repo rate, BBH FX analysts note. China looks...
The US Dollar (USD) is likely to edge higher. As upward momentum is not strong; any advance is unlikely to reach 7.2980. USD is still trading...
Third Plenum meeting is going to happen next week. The discussion around reviving the property market and consumer sentiment will be its main topic, Societe Generale...
Instead of declining further, the US Dollar (USD) is more likely to trade in a 7.2800/7.2970 range, or at least in a wider range between 7.2700...
The US Dollar (USD) is likely to edge higher. Any advance is unlikely to reach the major resistance at 7.3000 and 7.3100, UOB Group analysts note....
The US Dollar (USD) is likely to trade in a sideways range of 7.2750/7.2910. Resistance levels to watch are 7.3000 and 7.3100, UOB Group analysts note....
Share: USD/CNH attempts to retrace its recent gains on the subdued US Dollar. Chinese CPI declined by 0.8% YoY against the expected 0.5% decline. Fed members’...
Share: Economists at ING analyze structural issues faced by China’s economy and the USD/CNH outlook. Increasing talk of the PBoC needing to cut interest rates further...
Share: USD/CNH gains ground near 7.1960 on the cautious mood and downbeat Chinese data. The pair holds above the 50- and 100-hour EMA; RSI indicator stands...
Share: A deeper pullback emerges on the horizon in case USD/CNH breaches 7.1100 in the near term, suggest UOB Group’s Markets Strategist Quek Ser Leang and...
Share: Further selling pressure could drag USD/CNH to the 7.1100 region in the near term, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang...
Share: Further correction could drag USD/CNH to the 7.2000 region in the short-term horizon, according to Markets Strategist Quek Ser Leang and Economist Lee Sue Ann...
Share: RMB has gained significant market share in global payments. Economists at ANZ Bank analyze RMB internationalisation. New internationalisation opportunity for RMB As of Q3 2023,...
Share: Further decline looks on the cards for USD/CNH once sellers break below the 7.2700 level, argue Markets Strategist Quek Ser Leang and Senior FX Strategist...
Share: A more sustained decline in USD/CNH needs to break below the 7.2850 region, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser...
Share: For the time being, the weight of the Renminbi as a reserve currency and as an international trade currency is very low. Can the RMB...
Share: Further consolidation, likely between 7.2950 and 7.3400, is expected in USD/CNH in the next few weeks, according to Markets Strategist Quek Ser Leang and Senior...