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USD/CNY (USDCNY=X)

CCY - CCY Delayed Price. Currency in CNY
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6.3666+0.0460 (+0.7278%)
As of 10:00PM GMT. Market open.
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  • M
    Matthew
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  • A
    Angela
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  • j
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  • A
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  • b
    brian
    With the devaluation of the RMB, China is having the upper hand. With the strength of the dollars it will definitely hurt US Exports. We have a global economy. US needs to export. With the dollar being so expensive compare to other major currencies, buyers of American goods will look elsewhere.
  • t
    tong
    Any prediction for the next year? It’s 6.53 now, Will it continue falling? Thanks very much.
  • b
    brian
    The RMB will probably go over ¥7.00 to $1USD by the end of the year.
  • P
    Pablo
    Does anyone know the symbol that yahoo uses for the USD against a basket of currencies. I can find quotes elsewhere but can’t find a symbol to include in my yahoo watchlist.
  • b
    brian
    The $RMB will continue to devalue. At 630PM-PST, when the Asian Market opens, the $RMB is rising higher and at 930AM EST, the $RMB is being pushed back down. I feel that we are losing the battle of preventing the $RMB being devalued. We just do not have the money to stop this. If so, we are just adding more to our debt. The trade war is hurting us more than China. With a strong dollar, our product going overseas is not helping. With a strong dollar, American products are too expensive in the overseas market. Let just stop the bickering and walk away and cut our losses . We just cannot win this battle.
  • b
    brian
    PBOC will continually ratchet up the daily midpoint on trading of the RMB (aka CNY) during this contentious trade negotiation. The midpoint will continually go up, at this rate we may see $7.25 sooner. Every major country has weaken/devalued their currencies. The Euro and Pound have devalued greater than China. A weaker currencies is great for exports. It is too late for Trump to devalue the dollar. He should have thought about that over a year ago. Trump is now left holding the bag. The G7 leader and just laughing at Trump for his dubious economic policies. If China devalue at the pace of the Euro and Pound the RMB would be almost $8.

    Trump should really settle the trade issue now before he destroy the rest of the economy. He is picking a fight that he will not win. Cut your losses and re position. Cutting the interest will really not help the rest of us. Cutting the rate will mostly benefit him and his cronies. JMHO
  • E
    Elija
    English is said is not Chinese or china language likewise the currency. And USD does not turn CNY to English spelling usage it's still China CNY. CNY is platinum with warm temp on cloth folded while USD is Bronze on contact but usage is Gold without bringing water. Thus this week CNY/USD more than valuable over economic rendering indices. To make high yield against Tech yield the trend is slower for stakes Stock here before Quote for per day earning.
  • P
    Predeepoj
    Fashion Wallets
  • b
    brian
    More RMB devaluation to come
  • b
    brian
    Woohoo. Going back up.
  • E
    Edward
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  • b
    brian
    China is going to devalue the $RMB to counter the tariffs. Trump is #$%$ off but there is little can do. The trade war is costing the US $12B is subsidies to the American farmers. The tax cuts is costing us many $B. We have a strong dollar. The strong dollar is making American goods too expensive for overseas. The only way to stop China?s devaluation is for the US Treasury to purchase $RMB in the Market. My question is ?where the money coming from?. With all these fights Trump is creating the end results is the the overwhelming debts will crush us Americans. I see the $RMB going pass $7.25 to $1USD in the near future easily. If the $RMB goes past $7.75, we are truly scr$wed. The tariff war is hurting us more than China. We do not need a strong dollar. We need a dollar that is equilibrium with the other major currencies
  • b
    brian
    With a strong dollar and weak RMB , Trump just lost the trade war with China
  • b
    brian
    Here we go again. We are fighting a losing battle to stop the Chinese devaluing the RMB. Lets cut our losses.
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