Today's USD to CNY Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Chinese Yuan (CNY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Chinese Yuan (CNY) represents the currency of the world’s second-largest economy. The exchange rate between them reflects not only market sentiment toward the Chinese economy but also investor confidence in both currencies and their respective macroeconomic conditions.

Today’s Price

• 1 USD = 6.85 CNY
• 24h High: 6.8602 CNY
• 24h Low: 6.8401 CNY

Market Analysis

Recently, USD/CNY has been influenced by dollar debasement concerns and People’s Bank of China (PBOC) signals supporting managed yuan appreciation, resulting in a strong downward trend against the CNY.

• Technical levels: Key support at 6.6962 CNY (lowest level in January 2023), resistance at 6.95842 CNY
• 52-week range: High of 7.35 CNY, Low of 6.88 CNY
• Risk note: The currency pair is expected to fall approximately -2.73% over the next 3 months, with a 90% probability of trading between 6.69–6.72 CNY by the end of the period
• Trading signals: Moving Averages are providing sell signals from both short and long-term timeframes, indicating a more negative forecast

Conclusion

Continue to monitor USD/CNY closely as the PBOC manages yuan appreciation expectations. The pair remains under downward pressure, with traders advised to focus on potential support levels and the broader trend of yuan strength against the weakening dollar.