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US dollar vs. Yuan •USDCNH•

About

USDCNH

The USDCNH is the currency pairing representing the US Dollar against offshore Chinese Yuan. The Yuan is also referred to as the Renminbi and uses the letters CNY when traded within mainland China. It is important, therefore, for investors to know that the renminbi can trade at two different exchange rates, depending on where the market is situated. It is becoming more popular in the Forex markets due to China's foreign venture capital investment and vast international exporting volume. China's market economy is the second largest in the world coming second after the USA. Although the USDCNH is a minor pairing, it can be highly volatile as a result of the many divergent factors affecting the fortunes of these two different nations.

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