FX_IDC:USDCNY   U.S. Dollar / Chinese Yuan
The fall in oil prices is very actively stimulating the dollar to grow. The situation on the oil market does not have any specifics and stability, since the oil-producing countries could not agree among themselves, and sent the price to float freely. This can lead to an even greater fall in prices and, accordingly, to even greater growth of the dollar. The situation in China is critical for the country's economy. Corono virus forced the Middle Kingdom to close its borders, which in a very negative way affected the country's economy. China is the largest industrial country, which receives the main income from exporting products. Also, China attracts a lot of tourists who at the moment does not have the opportunity to visit the country. Due to the fall in business activity, the renminbi began to decline, which will continue until the situation stabilizes, as there is little demand for this currency now.
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