CNYUSD=X - CNY/USD

CCY - CCY Delayed Price. Currency in USD
0.1444
-0.0000 (-0.0058%)
As of 4:18PM BST. Market open.
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Previous Close0.144
Open0.144
Bid0.144
Day's Range0.144 - 0.145
52 Week Range0.1433 - 0.1556
Ask0.144
  • Forex Daily Recap – USD at 9-Day High with Strong Retail Data
    FX Empire3 days ago

    Forex Daily Recap – USD at 9-Day High with Strong Retail Data

    Today’s positive US data seemed to mitigate the speculations over a probable Fed rate cut. Fiber dropped 0.66% reaching near 1.1214 levels amid Greenback upsurge and weak German & Italian data.

  • Why U.S. stocks will likely weather the negative effects of a strong dollar
    MarketWatch4 days ago

    Why U.S. stocks will likely weather the negative effects of a strong dollar

    Downside for U.S. corporate earnings from China, Mexico trade war should be minimal, writes Mark Hulbert.

  • Import prices drop 0.3% in May — cost of Chinese imports falling amid tariff fight
    MarketWatch4 days ago

    Import prices drop 0.3% in May — cost of Chinese imports falling amid tariff fight

    The cost of imported goods fell in May, reflecting a decline in the prices of most foreign-made goods including those coming from China that have been hit with U.S. tariffs. The import price index dropped 0.3% last month.

  • Forex Daily Recap – Higher Probability of Rate Cut with Missed CPI Estimates
    FX Empire5 days ago

    Forex Daily Recap – Higher Probability of Rate Cut with Missed CPI Estimates

    ECB President Mario Draghi commented today that the Central and Eastern Europe remains vulnerable to the trade war headwinds. Weak EIA Crude data resulted in a decline of Oil prices.

  • Caution Returns to the Markets
    FX Empire5 days ago

    Caution Returns to the Markets

    The U.S. and China Inflation data may become a significant force causing movements in the stock and currency markets.

  • Mark Mobius says U.S.-China trade fight turning ‘more strategic and critical’
    MarketWatch6 days ago

    Mark Mobius says U.S.-China trade fight turning ‘more strategic and critical’

    In a MarketWatch interview, emerging-markets pioneer Mark Mobius says it’s important to focus on companies in developing countries that are focused on homegrown demand as heightening trade tensions and other geopolitical risks threaten global trade growth.

  • Forex Daily Recap – Yuan Pair Oscillating Near Three-Month Top
    FX Empire7 days ago

    Forex Daily Recap – Yuan Pair Oscillating Near Three-Month Top

    US JOLTS Job Openings data came out as 7.449 million over 7.240 million expectations. Mexican Peso soared more than 2% over US-Mexico trade deal. Investors seemed to lose interest over Cable, Euro, and Yen.

  • Weak Dollar and Strong Markets after the unexpected Nonfarm Payrolls
    FX Empire7 days ago

    Weak Dollar and Strong Markets after the unexpected Nonfarm Payrolls

    Now all investors’ attention again turned to disputes between China and the United States, and markets are hoping for a breakthrough in negotiations after Trump and Xi Jinping meet on the G20 (June 28-29).

  • Reuters20 days ago

    China confident of keeping yuan stable - central bank governor

    China is confident of keeping the yuan basically stable at reasonable and balanced levels, Yi Gang, the governor of the People's Bank of China (PBOC) told a meeting recently, state media reported on Tuesday. Yi has become the latest senior official to join a verbal campaign reminding markets about China's exchange rate policy after the yuan experienced sharp declines recently by losing more than 2.5 percent to the dollar since a major escalation in the Sino-U.S. trade tensions earlier this month.

  • Runaway cost of college hurts Americans more than the China trade war
    MarketWatch23 days ago

    Runaway cost of college hurts Americans more than the China trade war

    Private-college tuition is rising at more than twice the rate of U.S. inflation, writes Brett Arends.

  • Reuters23 days ago

    China's top banking regulator says yuan bears will suffer 'heavy losses'

    China's banking and insurance regulator said on Saturday it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer "heavy losses" if they bet against the currency. The yuan has lost more than 2.5% against the dollar since the festering China-U.S. trade dispute intensified earlier this month. It is now less than a tenth of a yuan away from the 7-per-dollar level authorities have in the past indicated as a floor.

  • Reuters24 days ago

    Light PBOC touch makes once unlikely yuan at 7/$ seem possible

    As China's yuan slips to historically weak levels against the dollar, the central bank's atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency. Fiscal stimulus and monetary easing would be required to support China's economy," they said.

  • China has a silver bullet in its trade-war arsenal
    MarketWatch25 days ago

    China has a silver bullet in its trade-war arsenal

    If China devalues the yuan, the country might think it can win the trade war and fix its massive debt overhang.

  • British pound hits second lowest level of 2019 as May faces stiff Brexit headwinds
    MarketWatch26 days ago

    British pound hits second lowest level of 2019 as May faces stiff Brexit headwinds

    A popular gauge of the U.S. dollar on Wednesday hangs near its highest level in about three weeks, with investors awaiting an account of the Federal Open Market Committee’s most recent policy gathering, which holds the potential for a fresh catalyst for bucks.

  • Yuan inches lower, but losses capped as PBOC flags more bill sales in Hong Kong
    Reuters26 days ago

    Yuan inches lower, but losses capped as PBOC flags more bill sales in Hong Kong

    China's yuan inched lower against the dollar on Wednesday, but the overall downward pressure on the local currency was mild as the central bank signaled its determination to prevent any sharp falls. The yuan has dropped more than 2.5 percent since U.S. President Donald Trump said on May 5 he will raise tariffs on $200 billion of Chinese imports to 25% from 10% previously, in a major escalation of a trade dispute between the two economic giants. On Tuesday night, the People's Bank of China (PBOC) said it will issue yuan-denominated bills in Hong Kong in the near future, which analysts said was designed to tighten offshore liquidity to stabilise the weakening currency.

  • Turkey’s lira under pressure as central bank stages fresh defense of currency
    MarketWatch27 days ago

    Turkey’s lira under pressure as central bank stages fresh defense of currency

    The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports.

  • China central bank plans offshore bills sale, yuan jumps
    Reuters27 days ago

    China central bank plans offshore bills sale, yuan jumps

    HONG KONG/SHANGHAI (Reuters) - China's central bank said on Tuesday it will issue yuan-denominated bills in Hong Kong in the near future, in a move analysts said was designed to tighten offshore liquidity to stabilise the weakening currency. The announcement came after the People's Bank of China sold 20 billion yuan ($2.90 billion) of bills in Hong Kong last week. The central bank had tapped the market every three months with the same deal size and structure since November.

  • Is Gold no Longer a Safe Haven?
    FX Empire27 days ago

    Is Gold no Longer a Safe Haven?

    Potential gold investors are being left frustrated and sidelined by the yellow metal’s lack of momentum despite an escalating trade war, heightened concern about stability in the Middle East, recent stock market gyrations and the decline of bond yields towards an 18-month low.

  • Reuters27 days ago

    Yuan edges up as U.S. eases restrictions on Huawei

    China's yuan firmed against the dollar on Tuesday, as sentiment improved slightly after Washington temporarily eased restrictions on Huawei, while a firmer-than-expected official midpoint discouraged bets against the renminbi. The U.S. government on Monday allowed Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The yuan has dropped around 2.5 percent since U.S. President Donald Trump said on May 5 he was going to raise tariffs on $200 billion of Chinese imports.

  • British pound falls as cross-party Brexit talks collapse; Japanese yen buoyed
    MarketWatchlast month

    British pound falls as cross-party Brexit talks collapse; Japanese yen buoyed

    The British pound remains under pressure as talks between the U.K.’s Conservative and Labour parties collapse without an agreement on how to pursue Brexit. Meanwhile, the Japanese yen finds support as trade-war concerns put renewed pressure on global equities.

  • Reuterslast month

    China's central bank won't let yuan weaken past seven to the dollar: sources

    SHANGHAI/BEIJING (Reuters) - China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said. A defence of the 7 level could help boost confidence in the currency and soothe investor fears about a sharp depreciation in the yuan, or renminbi, even as souring trade relations with Washington make competitive devaluation a compelling option for Beijing. "Breaking 7 is beneficial to China because it can reduce some of the effects of tariff increases, but the impact on our renminbi confidence is negative and funds will flow out," the source said.

  • How a hedge fund that returned 41% in 2018 plans to deliver again this year
    MarketWatchlast month

    How a hedge fund that returned 41% in 2018 plans to deliver again this year

    Crescat Capital enjoyed a huge year in 2018, capitalizing on the December market tumble to post a 41% annual return for its flagship hedge fund — that was good enough to make it one of the biggest winners out there. Can it repeat?

  • Forex Daily Recap – EUR/USD Suffered Massive Pullback Following Italy’s Threat to Violate EU Fiscal Rules
    FX Empirelast month

    Forex Daily Recap – EUR/USD Suffered Massive Pullback Following Italy’s Threat to Violate EU Fiscal Rules

    The Greenback slipped drastically over poor US April Retail Sales figures. USD/CNY pair got elevated earlier the day underpinned weaker-than-expected Chinese data.

  • Latest Trade War Developments
    FX Empirelast month

    Latest Trade War Developments

    Between Trump tweets and Chinese whispers via state-controlled media, it can be difficult to pinpoint precisely where things stand in the ongoing battle between the world’s two economic superpowers. Christopher Dembik says the CNYUSD rate is the best proxy we have. Here’s why.

  • Reuterslast month

    China stocks, yuan weaken as trade war escalates

    HONG KONG/SHANGHAI (Reuters) - Chinese stocks skidded further on Tuesday and the onshore yuan fell to its weakest level of the year as the Sino-U.S. trade war intensified. Markets managed to claw up from early lows, however, with shares buoyed by suspected state-backed buying and comments from U.S. President Donald Trump that raised hopes the two sides would eventually reach a trade deal.