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CNYUSD

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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About

The undefined financial product symbol CNYUSD.FOREX typically refers to the exchange rate between the Chinese Yuan (CNY) and the United States Dollar (USD) within the foreign exchange (FOREX) market. It represents the value of one currency in terms of the other, showing how many Chinese Yuan are needed to purchase one US Dollar. This symbol is used by various financial institutions, brokers, and trading platforms to represent and facilitate the trading of this currency pair in the global Forex market, which is decentralized and operates 24 hours a day, five days a week.
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Factors

Economic Growth: Stronger US growth often strengthens USD, weakening CNYUSD. FOREX.

Interest Rate Differentials: Higher US interest rates attract capital, appreciating USD against CNY.

Trade Balance: A US trade deficit can weaken USD, potentially increasing CNYUSD.FOREX.

Inflation: Higher US inflation can depreciate USD, increasing CNYUSD.FOREX.

Geopolitical Risk: Increased global uncertainty often strengthens USD as a safe haven.

Central Bank Policy: Actions by the People's Bank of China (PBOC) affect CNY value.

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