CNY News and Press, Market Vectors Chinese Renminbi/USD ETN From 02/21/23

Summary Are markets re-rating EM here? Has the "sudden stop" of capital flowing into emerging markets started? A steadfast tightening Federal Reserve will play into and heighten these EM risks through various channels. The outlook for the US economy remains generally-positive as sho...

Summary Gold had a very strong start into the new trading year, while silver is consolidating since mid-December. While the weekly chart remains bullish, the rally in gold has lost its momentum on the daily chart. A pullback towards 1,900 & 1,770 would be a buy. Seasonality rema...

Summary From its low in November, Bitcoin is up nearly 40%! A large +20% weekly gain after a prolonged bear market has always resulted in Bitcoin bottoming out. Technically, strong new buy signals on the weekly and daily chart while people are running behind the train which has left...

Summary Gold had a very good start into the new year. Only 75 USD is missing to the psychological number of 2,000 USD. The debt ceiling and the de-dollarization have pushed the US-Dollar to a nine months low, strongly supporting the recovery in the gold price. Technically, the round...

China is among the world’s leading economies , with the country’s gross domestic product second only to that of the United States as of 2023. The country of over 1.41 billion people has a bigger economy than the European Union and holds more foreign exchange reserves than any ...

The USD/CNY exchange rate has been in a steep sell-off as China’s fundamentals improved. It crashed to a low of 6.945, the lowest level since September 14. The Chinese yuan has crashed by more than 4.7% from its highest level in November. Chinese reopening continues The...

Forbes Media Chair Steve Forbes has warned that governments and central banks have ignored the significance of having stable currencies by emphasizing interest rate hikes to curb inflation . On Monday, the British pound slightly dropped 4% to $1.0382 in Asian Markets aft...

The USD/CNY exchange has been in a strong bullish trend this year, pushing the Chinese yuan and the renminbi to the lowest level since August 2020. The pair has jumped by almost 10% this year. This means that the renminbi is on track for its worst year since China removed its curren...

While the spotlight is on U.S. dollar ( USDOLLAR ) strength, Asian currencies are more of a danger to the plans of the Federal Reserve, according to Societe Generale strategist Albert Edwards. The fallout could push the S&P 500 ( SP500 ) ( SPY ) below 2,200, the note...

The Chinese yuan is going through its worst devaluation since 2018 as signs of economic slowdown emerge. The USD/CNY has risen in the past five straight weeks and is currently trading at the highest level since November 2020. It has risen by over 6.35% from its lowest level this yea...