XE Currency Converter

 · Here you are getting today's value of three hundred and thirty eight US Dollar to Chinese Yuan. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to “Open Exchange Rates” and provides the information in its best way.

The week began with weak manufacturing data from China and ended with a major reversal in tone from the leader of the U. Please try again later. Short term scalps could come around Dollar is shown in this table: On the upsideThere is a bullish trend line with support at around 6.

Trading Strategies Headlines

View a US Dollar to Chinese Yuan Renminbi currency exchange rate graph. This currency graph will show you a 1 month USD/CNY history.

In the US traders have an eye turned to the economic data as they look for signs of an economic slowdown. The EU indices were down in Wednesday trading as trade fears outshine strong data. The markets clearly liked the news as global stock markets in Asia, Europe and the US gapped higher at the open. Even commodity currencies like the Australian dollar surged higher on the news. The US futures market indicated a strongly positive open for the major indices on Monday morning.

Stocks soared across the globe on Monday as Trump and Xi managed to calm the markets at their weekend meeting with a 90 days truce in their trade conflict. It seems that investors preferred to focus on the positive signals and in particular, on the fact that there will be no new tariffs in the next three months. Globals stocks soar and the U. The weakening of the US Dollar is favorable for the stock market. US equity futures indicated a mildly higher open on Wednesday morning as markets gear up for a slate of potentially market-moving events.

The meeting of the leaders of the USD and China in the upcoming weekend has sparked a positive market sentiment. Global stocks trade mostly higher.

European markets were drifting lower at midday as trade concerns, Brexit uncertainty, and Italian budget issues weigh on sentiment. Asian indices were mixed on Tuesday as trade concerns resurface. US markets were up in early Wednesday futures trading as tech and oil prices rebound.

S-China trade tensions mean risk aversion is likely to remain the name of the game across financial markets, as investors seek to avoid riskier assets.

Yesterday, in a move that rattled global confidence, China announced plans to apply tariffs to U. In addition, this has the side-effect of selling risky assets, and we saw Equities pullback from recent highs in alignment with rising JPY demand.

Earlier this week, Oil prices rose as U. This pipeline carries about , barrels per. All we can do is wait for a breakout to occur.

The price is facing the upper line of the pattern now at around 6. A breakout of this trend line could signal resumption of the. The volatility was decreasing with every week and we were waiting for a breakout from this tight. The POC zone The price broke above a falling trend line last Friday, indicating that the short-term downtrend from 6. Further rally towards the top trend line of the triangle pattern now at around 6.

USDCNH recently broke below the bullish price channel on the 4-hour chart, suggesting that the short-term uptrend from 6. Further decline would likely be seen over the next several days. At this point shorting on rallies is the option.

Short term scalps could come around