Fader123 replies to: USD/CNH

US dollar versus Chinese Yuan

Trade war, Tariffs, biggest economy v 2nd biggest economy makes this currency pair worth looking at and very interesting to trade.

USD/CNY has made a parabolic move since mid April 2018.

China has allowed its currency to devalue in response to US tariffs.

CN’s weaken currency means a rise in CN exports.

Watch for other currencies like AUD that are major trading partners with China.

Spreads a bit high compared to Majors and other Crosses

Fundamentals and Technical analysis welcome!

To be the best, beat the best

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