Canada markets closed

USD/CNY (CNY=X)

CCY - CCY Delayed Price. Currency in CNY
Add to watchlist
6.6652-0.0102 (-0.15%)
As of 3:12AM BST. Market open.
Sign in to post a message.
  • b
    brian
    With the devaluation of the RMB, China is having the upper hand. With the strength of the dollars it will definitely hurt US Exports. We have a global economy. US needs to export. With the dollar being so expensive compare to other major currencies, buyers of American goods will look elsewhere.
  • b
    brian
    The RMB will probably go over ¥7.00 to $1USD by the end of the year.
  • P
    Pablo
    Does anyone know the symbol that yahoo uses for the USD against a basket of currencies. I can find quotes elsewhere but can’t find a symbol to include in my yahoo watchlist.
  • b
    brian
    The $RMB will continue to devalue. At 630PM-PST, when the Asian Market opens, the $RMB is rising higher and at 930AM EST, the $RMB is being pushed back down. I feel that we are losing the battle of preventing the $RMB being devalued. We just do not have the money to stop this. If so, we are just adding more to our debt. The trade war is hurting us more than China. With a strong dollar, our product going overseas is not helping. With a strong dollar, American products are too expensive in the overseas market. Let just stop the bickering and walk away and cut our losses . We just cannot win this battle.
  • b
    brian
    PBOC will continually ratchet up the daily midpoint on trading of the RMB (aka CNY) during this contentious trade negotiation. The midpoint will continually go up, at this rate we may see $7.25 sooner. Every major country has weaken/devalued their currencies. The Euro and Pound have devalued greater than China. A weaker currencies is great for exports. It is too late for Trump to devalue the dollar. He should have thought about that over a year ago. Trump is now left holding the bag. The G7 leader and just laughing at Trump for his dubious economic policies. If China devalue at the pace of the Euro and Pound the RMB would be almost $8.

    Trump should really settle the trade issue now before he destroy the rest of the economy. He is picking a fight that he will not win. Cut your losses and re position. Cutting the interest will really not help the rest of us. Cutting the rate will mostly benefit him and his cronies. JMHO
  • E
    Elija
    English is said is not Chinese or china language likewise the currency. And USD does not turn CNY to English spelling usage it's still China CNY. CNY is platinum with warm temp on cloth folded while USD is Bronze on contact but usage is Gold without bringing water. Thus this week CNY/USD more than valuable over economic rendering indices. To make high yield against Tech yield the trend is slower for stakes Stock here before Quote for per day earning.
  • P
    Predeepoj
    Fashion Wallets
  • b
    brian
    More RMB devaluation to come
  • b
    brian
    Woohoo. Going back up.
  • b
    brian
    China is going to devalue the $RMB to counter the tariffs. Trump is #$%$ off but there is little can do. The trade war is costing the US $12B is subsidies to the American farmers. The tax cuts is costing us many $B. We have a strong dollar. The strong dollar is making American goods too expensive for overseas. The only way to stop China?s devaluation is for the US Treasury to purchase $RMB in the Market. My question is ?where the money coming from?. With all these fights Trump is creating the end results is the the overwhelming debts will crush us Americans. I see the $RMB going pass $7.25 to $1USD in the near future easily. If the $RMB goes past $7.75, we are truly scr$wed. The tariff war is hurting us more than China. We do not need a strong dollar. We need a dollar that is equilibrium with the other major currencies
  • b
    brian
    With a strong dollar and weak RMB , Trump just lost the trade war with China
  • b
    brian
    Here we go again. We are fighting a losing battle to stop the Chinese devaluing the RMB. Lets cut our losses.
  • b
    brian
    Biggest daily rise in the last year. $7 in the near future.
  • v
    vince
    neil: many of your predictions have rung true......another new thoughts?
  • C
    Craig
    The trade war is hitting China hard. Their currency is losing value, their GDP growth rate is expected to decline by about 1%, and their stock market is plunging.

    The cost to China of imports is rising, raising their cost of doing business, and their cost of living, while the weak currency is also reducing their real income from exports.

    US prices on imports from China will not go up much, even with the tariffs, as the price in dollars is declining due to the weaker Chinese currency. In other words, China is paying the cost of the US tariffs, the pain is nearly all on them.

    Some production is being moved out of China to places without the tariffs. This is an acceleration of a trend that already exists seeking lower costs. This is costing jobs for Chinese workers, and slowing their economic growth..

    In the US, soybean and some other farmers are losing market share in China, as China seeks to buy from other markets. China will pay a higher price for the new supply, increasing the cost of raising pigs in China, further raising the cost of living for Chinese workers. In the short run, there is little other production to buy, even at higher prices. Longer term, US farmers will have to find other markets or change crops to grow less soybeans.

    The recent replacement of NAFTA also puts more pressure on China, by discouraging the use of content from China in goods traded preferentially within the trade zone of the US, Mexico and Canada.

    China is facing strong pressure to open its markets on a more fair basis. All the world will benefit.
  • b
    brian
    Strong dollar will hurt our economy especially in the export sector. Trump is too late in the game to weaken the dollar and boost US export We need to increase our exports to reduce our trading deficits.

    In this round of trade negotiations he just about kill a lot of our grain exports for US farmers.

    Europe and even Canada has devalued their currencies to boost their economies. Even the UK devalued the pound/sterling. Trump was an idiot to strengthen the dollar for the last two years.

    Strong dollar will hurt more than benefit if any. Classic example is Japan. They been hurting for almost twenty years
  • M
    MFarrens
    TIMBER..........
  • N
    NEIL
    Trump in DISAGREEMENT with UN and USA conspiracy resolution against Israel. Trump just tweeted. "Stay STRONG Israel. Jan 20th is fast approaching...we cannot continue to let Israel be treated with such disdain and DISRESPECT. They (Israel) used to have a great friend in the US....BUT......"
  • b
    brian
    Deutsche and JPM predicts further devaluation of the rmb and strengthening of the dollar. China is winning the trade war and we are getting s$crewed by the strength of the dollar meaning that it is very expensive to buy American by all foreigners. America will sell less widening the trade gap. With the strength of the dollar we can buy more and most of the products we buy is not made here. This is getting crazier. Trump needs to go back and learn about the new global economy. Trump is such an idiot
  • N
    NEIL
    The China Bubble is extremely vulnerable to ANY Trump move against China. The well known, but not talked about publically are China's TBR'S throughout the Chinese Banking system, that are hiding massive losses..estimated in excess of $2 Trillion ...that are not addressed by their Bank regulators....which will result in more negative ratings on Chinese Banks