#usdcnh

[tradedynamics]

USD/CNH: Room for Another Leg Lower Before Stabilization

📉 USD/CNH: Room for Another Leg Lower Before Stabilization 🇺🇸💴

The USD/CNH pair continues its bearish momentum, with analysts eyeing a further drop toward 7.2200 before finding stability. Weakness in the US dollar and stronger yuan sentiment are driving the move.

🔹 Support: 7.2200 🔹 Resistance: 7.2600 🔹 Key Drivers: ✅ PBOC’s policy stance on yuan stability 💹 ✅ US economic data & Fed rate outlook 📊 ✅ Market risk sentiment shifting towards yuan strength 📉

📊 Outlook: Can USD/CNH stabilize soon, or is there more downside ahead? Stay tuned! 🚀

#USDCNH #Forex #CurrencyTrading #MarketTrends #TradingInsights #ForexAnalysis

[cryptosima]

人民幣匯率又突破7.3，要知道22年1月份匯率還在6.3，短短一年多人民幣貶值16%，與中國貿易密切的日本韓國匯率也在貶值，這還是在美聯儲將結束加息的情况，這種狀況如果還發生戰爭，，，

所以，今天山寨崩了不是很正常嗎？

[leprivatebanker]

The People’s Bank of China reduced the deposits a bank needed to hold aside 6% of their foreign-currency deposits in reserves

The People’s Bank of China reduced the deposits a bank needed to hold aside 6% of their foreign-currency deposits in reserves

China Reduced Reserve Ratio On Deposits To 6%

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[leprivatebanker]

Chinese Yuan buyers may emerger around the swing highs or week's upper value extreme after the dollar surged by the swing failure on the hourly interval.

Chinese Yuan buyers may emerger around the swing highs or week’s upper value extreme after the dollar surged by the swing failure on the hourly interval.

Chinese Yuan buyers may emerger around the swing highs or week’s upper value extreme after the dollar surged by the swing failure on the hourly interval.

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[stockgrovebrokers]

Trader thoughts - thoughts on the China market open, which is taking central focus, #USDCNH as a driver for the AUD & NZD. Commodities under pressure, with big vol in #crude and US #equities lower. Big sell-off in rates ahead of the #FOMC Another tough open eyed in Asia #stockgrove #stockgrovecountrypark #stockgrovebroker https://www.instagram.com/p/CgqEamuO2ydS0AfFWsv3mMYoIP6QYdxT3e76YM0/?igshid=NGJjMDIxMWI=

[leprivatebanker]

China's industrial production fell by 2.9% yoy in April. COVID-19 lockdown measures pressured supply chains.

China’s industrial production fell by 2.9% yoy in April. COVID-19 lockdown measures pressured supply chains.

China’s industrial production fell by 2.9% yoy in April. COVID-19 lockdown measures pressured supply chains. Manufacturing fell (-4.6% vs 4.4%) while mining output (9.5% vs 12.2%) rose. Lower prodcution might lead to higher prices which could pressure the Chinese currency yuan. The dollar rose in value against the yuan for several days.

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[bakerdeshun]

Just as anticipated earlier today at 65 pip drop in #USDCNH as news reported earlier plays a major factor on the CNH/CNY 🤑📉📈Chinese Yuan. #LGMlife #Forex #Daytrader https://www.instagram.com/p/B8FMt6nHNla4r7MmMrl278ATkFjGmMKi8WmQj80/?igshid=3d7tei89cgc3

[bakerdeshun]

Markets reopen today Sunday at 5 pm EST. It’ll be Monday 7 a.m. in Beijing! Prepare to see how the monetary policy affects all CNY pairs, driving the Chinese yuan lower. Expect further down side risks to appear as concerns of global health emergencies continue. #USDCNH #EURCNH #AUDCNH #CNHJPY #Daytrader #Economist #Forex 🤑📈📉#LGMlife https://www.instagram.com/p/B8EfsicHdZKoIsL1jmeGQI6bJe8YioYD0zh5JM0/?igshid=3aazq1cwb62d