US Dollar / Chinese Yuan (USD/CNY)
Track the US Dollar (USD) versus Chinese Yuan (CNY). Get live market data and actionable insights for informed trading decisions at FP Markets .
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US Dollar / Chinese Yuan (USD/CNY) Trading FAQ
While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/CNH whenever the currency pair is more volatile. From 9.30 am to 11.30 pm Beijing time the USD/CNH is usually busy (GMT).
Many factors can affect the USD/CNH market sentiment and spot rates, such as central banks policies, the price of commodities in each country, exports of both countries, economic growth, and political stability.
The USD/CNH currency pair is one of the most significant and widely traded currency pairs in the world. The United States and China represent the two largest economies, with China being the largest global exporter and the United States the world’s largest consumer.
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as USD and CNH. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.
