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!
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