6.721
Today
+0.03%
5 Days
-0.06%
1 Month
-0.65%
6 Months
-2.04%
Year to Date
-3.64%
1 Year
-6.02%
Opening Price
6.719Previous Closing Price
6.719OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH has edged higher alongside a broader US Dollar (USD) rebound and firmer US Treasury yields, while the People's Bank of China (PBoC) continues to prefer a gradual appreciation path.
Commerzbank’s Michael Pfister examines whether the weaker CNY explains China’s rising export market share. Using bilateral real exchange rates across major partners, he finds no systematic link between CNY moves and market share gains, including in advanced sectors like electric cars.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7840 compared to the previous day's fix of 6.7829 and 6.7261 Reuters estimate.
Chris Turner at ING notes USD/CNH is consolidating after last week’s sharp decline, as investors hesitate to buy Renminbi with the PBoC slowing lower USD/CNY fixings and US–Iran sanctions risks in focus.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report USD/CNH slipped to 6.7166 and closed slightly lower, with short-term downside momentum gradually building.
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7829 compared to the previous day's fix of 6.7852 and 6.7166 Reuters estimate.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The downside prevails as long as 6.7230 is resistance, with 6.7135 and 6.7108 as targets
above 6.7230, look for 6.7275 and 6.7302.
The downside prevails as long as 6.7230 is resistance, with 6.7135 and 6.7108 as targets
Popular Instruments
