I wanted to take a moment to share some exciting news with you all about the USDCNH (US dollar and Chinese yuan) currency pair.
As many of you may know, the Chinese economy has been showing signs of weakness lately, directly impacting the yuan's value. The Federal Reserve has also raised interest rates, weakening the yuan against the US dollar.
But what does...
The USDCNH exchange rate has fallen, potentially creating opportunities for profitable investments. However, there are concerns about potential military conflicts in the region, such as between China and Japan, which could impact financial markets. Some technical analysis shows a positive trend, although there may be some delays in achieving target profits. It's...
After been stopped out of the bearish expectation on my last speculation on this pair (see link below for reference purposes); the price found bullish potentials as it broke out of descending channel to find a new high.
Despite the new digital yuan tendency of increasing the international usage of China’s national fiat, I am of the opinion that the positive...
