CNYUSD=X - CNY/USD

CCY - CCY Delayed Price. Currency in USD
0.1418
-0.0002 (-0.1220%)
As of 3:16PM BST. Market open.
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Previous Close0.142
Open0.142
Bid0.142
Day's Range0.142 - 0.142
52 Week Range0.1415 - 0.1500
Ask0.142
  • What to Watch in the Markets: Friday, August 9
    Yahoo Finance Video

    What to Watch in the Markets: Friday, August 9

    Here's Myles Udland with a lookahead at some of the stories that will be making headlines on Friday, August 9.

  • China signals it may continue to weaken its currency, escalating trade tensions
    Yahoo Finance Video

    China signals it may continue to weaken its currency, escalating trade tensions

    Trade tensions are continuing to escalate as China signals it may continue to weaken its currency. China's central bank set the yuan midpoint above seven to the American dollar for the first time in over a decade. Yahoo Finance's Julie Hyman and Adam Shapiro chat with James Camp, managing director of fixed income at Eagle Asset Management, about this move and its effect on the trade war.

  • China warns it will continue to weaken its currency: what's next?
    Yahoo Finance Video

    China warns it will continue to weaken its currency: what's next?

    Yahoo Finance’s Adam Shapiro, Julie Hyman, and Brian Cheung join Direxion Managing Director & Head of Product Dave Mazza and Invesco Senior Portfolio Manager Alessio de Longis.

  • Wall Street analysts cuts odds of trade deal happening before the 2020 election
    Yahoo Finance Video

    Wall Street analysts cuts odds of trade deal happening before the 2020 election

    Wall Street analysts are weighing in on whether a trade deal between the U.S. and China will happen before the 2020 election. Scott Gamm has more details from the floor of the New York Stock Exchange.

  • Metals Down on Friday Amid Profit-Taking
    FX Empire

    Metals Down on Friday Amid Profit-Taking

    XAU/USD is ready to close positive for the third week in a row. Gold is posting 1.02% gains on the last five days, but the movements are more on a sideways mode above the 1,500 area and contained by the 1,530.

  • Forex Daily Recap – USD/CNY Bears Stuck at 7.0236 Fib Level
    FX Empire

    Forex Daily Recap – USD/CNY Bears Stuck at 7.0236 Fib Level

    Despite positive AUD-specific data, the Aussie pair was heading south to end the day on a negative note. Fiber kept slipping throughout the day shrugging towards upbeat Eurozone and German Q2 YoY GDP data.

  • Gold and Silver Recover Ground Amid Recession Fears
    FX Empire

    Gold and Silver Recover Ground Amid Recession Fears

    According to experts who watch this event as an indicator, a recession happens, on average, 22 months following the inversion. So, fears about a recession jumped, and risk aversion flooded markets.

  • Forex Daily Recap – Pound Slipped on Downbeat June ILO Unemployment Data
    FX Empire

    Forex Daily Recap – Pound Slipped on Downbeat June ILO Unemployment Data

    After three adverse closings in a row, the Greenback was underway a positive closing today. After touching the 7.0707 mark yesterday, the USD/CNY pair was heading downside on Tuesday.

  • Gold Rush Puts XAU/USD at Fresh Highs, US CPI higher than expected
    FX Empire

    Gold Rush Puts XAU/USD at Fresh Highs, US CPI higher than expected

    XAU/USD jumped to trade as high as 1,535 on Tuesday, its highest level since April 2013. But, US CPI is pushing prices down, and it is currently trading at 1,521, 0.66% positive on the day.

  • Stock market news: August 12, 2019
    Yahoo Finance

    Stock market news: August 12, 2019

    Stocks fell on Monday as escalating protests in Hong Kong weighed on already-dampened investor sentiment.

  • One man stands between us and a currency war
    MarketWatch

    One man stands between us and a currency war

    Larry Kudlow may be the only thing standing between us and the next leg of a currency war. The president’s chief economic adviser is a “strong dollar” man. View him as a tool of the “Deep State.” Or view him as Sparta’s King Leonidas, holding the pass for civilization.

  • MarketWatch

    IMF: China may need more stimulus if trade tensions escalate

    The executive board of the International Monetary Fund on Friday said policy measures already announced by Beijing should be enough to deal with the hit to the economy from the U.S.-China trade battle, but that additional stimulus could be warranted if rising tensions put economic and financial stability at risk. In a regular assessment, IMF directors continued to call for more exchange-rate flexibility and policy transparency, with some directors also calling for disclosure of FX interventions. The U.S. earlier this week formally labeled China a currency manipulator after Beijing failed to arrest a fall in the yuan that saw the currency trade at more than 7 per dollar. In a July report, also released Friday, IMF staff aid that despite a depreciation in the value of the yuan versus the dollar after August of last year, the currency was broadly stable against a basket of currencies and that estimates "suggest little FX intervention" by the People's Bank of China.

  • How the U.S.-China trade war started, and what’s coming next
    MarketWatch

    How the U.S.-China trade war started, and what’s coming next

    The seeds of the Trump-era trade war between the U.S. and China were planted during the last presidential campaign, when then-candidate Donald Trump said Beijing couldn’t be allowed to continue to “rape our country.”

  • Forex Daily Recap – UK GDP Declined, Pushing GBP to Multi-Year Lows
    FX Empire

    Forex Daily Recap – UK GDP Declined, Pushing GBP to Multi-Year Lows

    The Chinese Yuan pair continued to stay sustained within a multi-month uptrend channel. Canadian currency slipped following disappointing Jobs data thereby allowing the Loonie pair to climb fresh heights.

  • The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe
    MarketWatch

    The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe

    When China’s currency depreciation breached the psychological threshold of 7 yuan to the dollar this week, stock markets both fretted over a replay of the disorderly depreciation in 2015-2016 and feared that the yuan has become a retaliatory tool in Beijing’s trade war arsenal. In fact, the Chinese currency (USDCNY) isn’t likely to experience anything like a free fall in the coming months because worries about the response from EU and Japan will dictate policy makers to show restraint.

  • Gold Shines Even More in a Wild Week, All About Trade War
    FX Empire

    Gold Shines Even More in a Wild Week, All About Trade War

    And even worse, experts are now asking themselves how U.S. President Donald Trump will answer to China Yuan depreciation. Think twice, a sanguine temperament person who always wants to looks like the winner.

  • MarketWatch

    China sets yuan midpoint weaker than 7 for second time this week

    China's central bank set the yuan's midpoint weaker than 7 per U.S. dollar for the second time this week early Friday. The People's Bank of China set the daily reference point at 7.0136 yuan per dollar. That was stronger than analysts had expected, and offered more reassurance for investors that China was not kicking off an all-out currency war. Global stocks tumbled Monday after the yuan crossed the 7 level for the first time since 2008, and the U.S. Treasury Department labeled China a currency manipulator. Stock markets in Japan and Hong Kong , as well as U.S. stock futures were largely unfazed by Friday's move. The PBoC allows the yuan to fluctuate up to 2% higher or lower than the midpoint.

  • Gold ends lower but holds firmly above $1,500; Silver loses grip on $17
    MarketWatch

    Gold ends lower but holds firmly above $1,500; Silver loses grip on $17

    Gold settles slightly lower after the precious commodity, along with silver, rallied to a multiyear high a day ago. However, investors remain on edge over trade relations between the U.S. and China, with that conflict serving as a key longer-term support for a climb in precious metals.

  • Forex Daily Recap – USD/CNY Kept Hold of 7 Mark Amid Strong Trade Data
    FX Empire

    Forex Daily Recap – USD/CNY Kept Hold of 7 Mark Amid Strong Trade Data

    Even today, the sturdy 97.60 resistance handle continued to cap Greenback’s daily gains. ECB mentioned in today’s Economic Bulletin that the US-China trade war would affect the growth of Eurozone.

  • Gold, Silver Down as China Data Calms Markets and Fuels Bond Yields
    FX Empire

    Gold, Silver Down as China Data Calms Markets and Fuels Bond Yields

    The data helped stabilize bond yields and, for instance, metal prices such as gold and silver, which are trading in a consolidation pattern.

  • MarketWatch

    Europe stocks climb in early action, led by pharmas

    Led by pharmaceuticals including Novo Nordisk and Merck KGaA , European stocks traded higher on Thursday, with the Stoxx 600 Europe rising 0.8% in early action. U.S. stocks finished off lows on Wednesday, and the markets reacted calmly to the PBOC setting the reference rate on the yuan above 7 for the first time since 2008.

  • China sets yuan’s midpoint at weakest level since 2008
    MarketWatch

    China sets yuan’s midpoint at weakest level since 2008

    China’s central bank set the daily midpoint for the yuan at its weakest level since 2008 early Thursday.

  • Gold Tests 1,500 Amid Trade War, Recession, Rate Cuts Festival Fears
    FX Empire

    Gold Tests 1,500 Amid Trade War, Recession, Rate Cuts Festival Fears

    The ongoing trade war is dominating the headlines, and investors are really concerned about global stability and economic health. It is driving traders away from riskier assets and fueling traditional safe haven assets like gold.

  • Still on Yuan Watch
    FX Empire

    Still on Yuan Watch

    The acceleration towards an all-out trade war between the US and China appears to have been averted, at least for the moment, with China’s Central Bank fixing the Yuan at a stronger level than expected. As well US equities were nudged along by comments from Larry Kudlow chief White House economic advisor, said “the reality is we would like to negotiate,” and “things could change with respect to the tariffs.”

  • White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan
    Yahoo Finance

    White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan

    The trade war between the United States and China escalated Monday, prompting a shocking downswing of over 750 points on the Dow, and forcing investors to temper their former optimism about a deal.