Notification: Get Real-Time News Alerts For Your Portfolio Today
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

Usd/cnh price forecast: Holds gains around 7.270 on stronger usd, but risks remain

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

Full Bio

James Carter

Share

The USD/CNH pair continues to hold gains around 7.270, supported by the stronger US dollar as investors maintain a cautious outlook on global economic conditions. The recent strength in the dollar has provided momentum for the pair, with the greenback benefiting from hawkish Federal Reserve expectations and a resilient US economy. This trend has kept the Chinese yuan on the defensive, despite the People’s Bank of China’s ongoing efforts to stabilize the currency.

While the stronger USD has bolstered the pair’s current position, risks remain, particularly due to geopolitical tensions and potential shifts in global risk sentiment. Market participants are closely watching developments related to US-China trade relations, as any unexpected changes could rapidly alter the dynamics of the USD/CNH pair. The yuan remains vulnerable to fluctuations in global market sentiment and domestic economic challenges.

USD/CNH 1-D Chart as of January 27th, 2025 (Source: TradingVIew)

The USD/CNH pair’s recent price action suggests that the yuan is struggling to maintain stability, even as the US dollar shows signs of strengthening. Traders are also keeping an eye on any potential interventions from the People’s Bank of China, which could try to prevent further depreciation. Despite the current resilience of the USD, the market remains sensitive to any changes in economic data or policy shifts that could drive volatility.

Looking ahead, while USD/CNH remains elevated, the pair is not entirely out of the woods. Risk events, such as changes in US monetary policy or new economic data, could shift the balance, leading to potential volatility for the pair. Traders will need to stay alert to market shifts that could threaten the current uptrend, particularly as global economic uncertainty continues to affect both currencies.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

Read More
Read More
Read More
Read More
Read More
Read More

Brokers Review

No reviews found in this category.

Top Stories
GBPUSD (1)
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
EURUSD (1)
EUR/USD weakens below 1.0400 as traders await US NFP release
NZDUSD
NZD/USD gains traction above 0.5650 ahead of US NFP release
USDINR (2)
USD/INR holds steady as traders brace for RBI rate decision
USDJPY (1)
Japanese Yen retreats against USD amid some repositioning ahead of US NFP
Japanese household spending surges to highest level since 2022 amid wage growth
Japanese household spending surges to highest level since 2022 amid wage growth
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Japanese yen climbs amid rate hike speculation as U.S
Japanese yen climbs amid rate hike speculation as U.S. jobs report approaches
Trump Media eyes Bitcoin ETF launch through Truth
Trump Media eyes Bitcoin ETF launch through Truth.Fi expansion
Cautious markets keep Australian dollar in tight range before U.S
Cautious markets keep Australian dollar in tight range before U.S. jobs data