Renminbi (RMB) trends and toolkits As of this writing, the Chinese yuan (CNY) was essentially trading at 7 to the US dollar (USD), a sharp decline in exchange value since the end of February, when it traded in the 6.3 range. Partly the result of USD strength against most currencies, ...
Compared to the anchor of a basket of currencies, the market is still more concerned about the trend of the renminbi against the US dollar. Ding Shuang believes that the Fed's interest rate hike of two times or more this year is a big probability event, so the dollar will continue to s...
Foreign Exchange Bahraini Dinar/US Dollar (BHDUSD)+70 1 hour, 30 minutes ago Trading up+0.0001050(0.00%) at 2.6534886. Bull Market Weakness (+75) - BHDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BHDUSD as it...
This week, the RMB exchange rate rebounded sharply against the US dollar. In the early days of the week, it was weakened by the weakening trend of the US dollar during the labor holidays. The RMB rebounded sharply for two consecutive days, with a cumulative rebound of more than 330 point...
The Renminbi assumed the trend of escalation to US dollar exchange rate from 1986 to 1994, maintained basically 1994 to 2005 in a quite stable level, but has collected since 2005 changes, the Renminbi exchanges US dollar exchange rate to assume drops the tendency gradually. [translate] ...
Supported by China's economic recovery amid downward pressure on other economies, the renminbi's bullish momentum has become more noticeable, currency market experts said on Monday after the Chinese currency's exchange rate against the US dollar breached the 6.8 psychological level. ...
Furthermore, when Asian countries loosen their pegs against the US dollar, the correlation of their currencies with the renminbi tends to increase. Finally, we report that efforts to promote international uses of the renminbi as well as trade dependence on and export similarity to China are key ...
1, the Chinese renminbi/US dollar (CNY/USD) exchange rate from the 22nd of July 2005 to the 31st of December 2019. Increases (decreases) indicate an appreciation (depreciation) of the Chinese renminbi and a depreciation (appreciation) of the US dollar. There is a clear upward trend (a ...
Technical AnalysisStatic ChartMajor CurrenciesComparison ChartRelative Strength Chart ProRealTime Chart Technical analysis trends Short TermMid-TermLong Term Trend Bullish Bearish Bearish Resistance4.63994.63994.7144 Spread/Res.-1.06%-1.06%-2.62% Spread/Supp.+1.26%+2.96%+1.95% ...
The data used in the study consist of daily open, high, low, and close prices for the renminbi exchange rate of the Chinese Yuan (CNY) against the US Dollar (USD). The exchange rate is measured as CNY of one unit of USD. The data are obtained from the Wind Database of China for ...