September 19, 2024 Federal Reserve’s Aggressive Move Hints At Bold Economic Strategy
September 11, 2024 Top Stocks For Smart Investment Choices
September 8, 2024 S&P 500 In Freefall: Is This The End Of The Bull Market?
September 6, 2024 Jobs Report Spotlight As Fed Weighs Rate Cut Decision
Selling Amazon On Recession Risks (Downgrade)
September 19, 2024
Amazon: See The Company From A Different Perspective
September 19, 2024
Amazon: Intact Dual Market Leadership
September 19, 2024
Amazon: Don’t Underestimate The Potential Of AWS To Drive The Stock Higher
September 19, 2024
Apple: The Real Boost Behind Vision Pro And AI Phones
September 19, 2024
April 23, 2024 Maximizing Profits: When is the Right Time to Sell Your Business?
Selling a business can be a momentous decision filled with many considerations and uncertainties. As an entrepreneur, this also symbolizes your years of…
April 12, 2024 Improve Your Financial Status: A How-To Guide
Navigating through the complexities of personal finance can often feel like walking through a maze blindfolded. This guide is crafted especially for you,…
April 12, 2024 How ZIM Integrated Container Tracking is Revolutionizing Global Trade
Have you ever wondered how your online shopping packages get to you? A big part of the answer is ZIM Integrated Container Tracking.…
March 15, 2024 6 Best Growth Stocks To Buy Now According to Metatrader 5
One of the reasons investors prefer growth stocks is that they are expected to perform better than other companies in terms of sales…
US Dollar to Chinese Yuan (USD/CNY) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (7:46)
Reverse forecast: CNY to USD
US Dollar / Yuan price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 US Dollar (USD) to Yuan (CNY) | 710.2 | 710.3 | 718.6 | |
| 200 US Dollar (USD) to Yuan (CNY) | 1420.4 | 1420.7 | 1437.3 | |
| 500 US Dollar (USD) to Yuan (CNY) | 3551 | 3551.6 | 3593.2 | |
| 1000 US Dollar (USD) to Yuan (CNY) | 7102 | 7103.3 | 7186.3 | |
| 3000 US Dollar (USD) to Yuan (CNY) | 21305.9 | 21309.8 | 21558.9 |
How much will the USD/CNY currency pair cost in 2024, 2025 and 2026? What is the forecast for the USD/CNY currency pair? What is the target price of the US Dollar / Yuan currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the US Dollar rise or fall against the Yuan?
Identifying the trend of the USD/CNY currency pair
The USDCNY exchange rate is facing a nuanced impact from recent developments across financial markets. The launch of BitGo's USDS stablecoin potentially enhances demand for USD-backed assets, suggesting a modest upward pressure on the USD. However, the Federal Reserve's rate cuts, while typically negative for the USD, are anticipated with hawkish commentary, balancing its effect, and leading to a neutral overall sentiment.
Conversely, China's economic strategies may see a need for policy adaptations following anticipated Fed rate adjustments. The linking of bond markets in Hong Kong and Macau aims to enhance regional financial stability, which might slightly favor the CNY. Yet, the dwindling support for the yuan from China hints at potential depreciation, bringing a neutral outlook in the short-term.
Moreover, the geopolitical tensions illustrated by Mark Cuban's comments on sanctions versus tariffs introduce additional pressures on the CNY, suggesting possible depreciation due to trade concerns with Russia. Investors should monitor these mixed signals closely, anticipating modest fluctuations in the USDCNY rate as economic narratives unfold.
USD Trend Prediction
As of now, Panda has analyzed 148 news pieces concerning the USD currency. The average relevance score for these news items is 0.35 (with the closer to 1 being more relevant).|
2024-09-18
|
Neutral | Impact: 0.09 | News: 16 (5/11/0) |
|
2024-09-17
|
Bullish | Impact: 0.02 | News: 18 (7/7/4) |
|
2024-09-16
|
Neutral | Impact: 0.09 | News: 13 (3/9/1) |
|
2024-09-15
|
Bullish | Impact: 0.08 | News: 2 (1/1/0) |
|
2024-09-13
|
Neutral | Impact: 0.06 | News: 12 (4/6/2) |
|
2024-09-12
|
Neutral | Impact: 0 | News: 12 (2/6/4) |
|
2024-09-11
|
Neutral | Impact: -0.03 | News: 16 (1/12/3) |
|
2024-09-10
|
Neutral | Impact: 0.01 | News: 10 (2/6/2) |
|
2024-09-09
|
Neutral | Impact: 0.06 | News: 14 (3/10/1) |
|
2024-09-07
|
Neutral | Impact: 0.02 | News: 1 (0/1/0) |
|
2024-09-06
|
Neutral | Impact: -0.05 | News: 14 (1/9/4) |
|
2024-09-08
|
Neutral | Impact: 0 | News: 3 (0/3/0) |
|
2024-09-05
|
Neutral | Impact: 0.03 | News: 13 (3/8/2) |
|
2024-09-04
|
Neutral | Impact: 0.07 | News: 4 (1/3/0) |
Investors Turn to Bitcoin Amid Concerns Over US Debt
September 18, 2024 (21:31)
Trend: Neutral
Influence: -0.04
As clients diversify into Bitcoin, perceived as less of a 'risk asset', concerns over the US debt crisis may weaken confidence in the USD. This shift suggests a potential decrease in demand for USD, which could negatively impact its exchange rate, although the sentiment remains neutral overall.
Powell's Comments Curb Enthusiasm Following Federal Reserve's Historic 50-Basis-Point Rate Cut
September 18, 2024 (20:55)
Trend: Neutral
Influence: 0.13
The Federal Reserve's unexpected decision to cut interest rates typically pressures the USD downward as it reduces the yield on USD-denominated assets, making them less attractive to investors. However, Powell's hawkish tone may have mitigated the typical negative impact on USD, resulting in a neutral effect on the currency for now.
CNY Trend Forecasting
Regarding the CNY currency, 7 news pieces were analyzed. The average relevance of these news items is 0.21 (the closer to 1, the higher).|
2024-09-16
|
Neutral | Impact: -0.02 | News: 4 (0/3/1) |
|
2024-09-08
|
Neutral | Impact: 0.12 | News: 1 (0/1/0) |
|
2024-09-06
|
Neutral | Impact: Na | News: 1 (0/1/0) |
|
2024-09-05
|
Bullish | Impact: 0.26 | News: 1 (1/0/0) |
China's Potential Response to Federal Reserve's Expected Rate Cut Amid Economic Challenges
September 16, 2024 (14:00)
Trend: Neutral
Influence: -0.02
The anticipation of the US Federal Reserve lowering its benchmark borrowing rate could indirectly influence the CNY by offering China more flexibility to adjust its monetary policies. The neutral impact on the CNY exchange rate suggests that markets may already be pricing in these potential policy changes, leading to relatively stable sentiment.
Hong Kong and Macau's Bond Market Integration Aims to Boost Debt Financing
September 16, 2024 (10:30)
Trend: Neutral
Influence: 0.08
The linking of Hong Kong and Macau's bond markets could enhance financial stability and create more opportunities for debt financing in the region, which is likely to have a stabilizing or slightly positive impact on the CNY. However, as the sentiment effect is neutral, this integration might not significantly move the CNY exchange rate in the short term.
This chart provides a comparative trend analysis of sentiment scores over time for USD and CNY currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the US Dollar/Yuan currency pair
The chart below shows the historical quotes of the USD/CNY pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the US Dollar/Yuan rate can be found in the table below.
Long-term forecasts by years.
USD Main News
BitGo Challenges Stablecoin Giants With USDS Introduction
September 18, 2024 (17:29)
Trend: Somewhat-Bullish
Influence: 0.24
The introduction of BitGo's new stablecoin, USDS, could increase competition in the stablecoin market, potentially enhancing the overall demand for USD-backed assets. This move is seen as somewhat bullish for the USD exchange rate as it suggests increased stability and growth potential for USD-pegged cryptocurrencies.
IT Stocks Tumble as Fed Reduces Rates, Dampening Investor Sentiment
September 18, 2024 (15:35)
Trend: Neutral
Influence: -0.06
The Federal Reserve's decision to cut rates has likely led to a negative sentiment around the USD, as rate cuts generally decrease demand for the currency. This is compounded by the delay in Accenture promotions, which adds to the economic uncertainty, further impacting the USD's exchange rate.
Current Developments in Bitcoin Cash
September 18, 2024 (15:07)
Trend: Somewhat-Bullish
Influence: 0.22
The anticipation surrounding the Federal Reserve's decision on interest rates introduces uncertainty, affecting market sentiment. A potential rate cut is generally perceived to weaken the USD, but a moderately positive sentiment indicates confidence in the USD’s resilience.
Former Coinbase Executives Introduce PayPal-Based Stablecoin Exchange
September 18, 2024 (13:00)
Trend: Somewhat-Bullish
Influence: 0.24
The launch of a new exchange using PayPal USD as its settlement currency can enhance the utility and demand for USD, likely contributing to a somewhat bullish effect on its exchange rate. As major players from Coinbase, Circle, and Goldman Sachs are involved, the initiative may boost investor confidence in the stability and usage of USD-backed digital currencies, reinforcing its strength in the forex markets.
Euro Approaches Three-Week High Against USD Amidst Anticipation of Federal Reserve Meeting
September 18, 2024 (11:17)
Trend: Neutral
Influence: 0.09
The anticipation of the Federal Reserve meeting is keeping traders on edge, influencing the USD exchange rate. Despite the neutral sentiment, the market's attention to the Fed's actions underscores the potential for volatility, which is reflected in the euro's strength against the dollar.
BitGo Launches USDS Stablecoin with Potential Rewards
September 18, 2024 (10:56)
Trend: Neutral
Influence: -0.06
The introduction of BitGo's USDS could affect the USD exchange rate by increasing competition among stablecoin issuers, potentially leading to greater stability or volatility depending on market adoption. This emergence of a new player in the stablecoin space highlights evolving dynamics, yet its immediate impact on USD seems neutral as indicated by the sentiment score.
Mixed Global Markets with Dollar Easing and Gold Rising
September 18, 2024 (10:35)
Trend: Neutral
Influence: 0.07
The news highlights mixed market performances with concerns about potential economic weaknesses driving anticipation of a Federal Reserve rate cut, which can lead to a softer USD as investors seek higher yields elsewhere. This anticipation coupled with strong economic data results in a neutral sentiment towards the USD, as evidenced by its minimal sentiment score change.
Shanghai Composite Index Climbs by 0.49%
September 18, 2024 (10:34)
Trend: Neutral
Influence: 0.12
The unexpected increase in U.S. retail sales signals continued consumer strength, which in turn supports the USD by indicating a robust economic condition. This environment contributes to the neutral sentiment, as it reinforces confidence in the USD while keeping the currency stable amidst global market flux.
NITI CEO Predicts India's Economy to Double by 2030
September 18, 2024 (09:28)
Trend: Bullish
Influence: 0.36
The potential for India to double its economy by 2030 suggests increased economic activity and investment flows, making the Indian rupee more attractive and affecting its exchange rate with the USD. As India positions itself as a leader in climate technology, it could attract foreign investments, exerting bullish pressure on the USD as demand for Indian assets rises.
Arthur Hayes Foresees Near-Term Market Crash Tied to Rate Reductions
September 18, 2024 (09:25)
Trend: Neutral
Influence: -0.02
Arthur Hayes' prediction of a market crash due to rate cuts could create uncertainty, leading investors to seek safer assets and impacting the USD adversely. The disclosure of his confidence in Ether suggests a shift in capital flows, which can negatively pressure the USD as investors move towards alternative assets.
Sensex Drops by 200 Points; IT Stocks Decline
September 18, 2024 (09:02)
Trend: Neutral
Influence: 0.15
The decline in the Sensex and Nifty 50 indicates a weaker Indian stock market, potentially increasing the demand for safe-haven currencies like the USD. However, the neutral sentiment suggests that this market downturn might not significantly affect the USD exchange rate at this stage.
Dollar Remains Stagnant as Market Awaits Federal Reserve Rate Decision
September 18, 2024 (06:46)
Trend: Neutral
Influence: -0.05
The anticipation of a Federal Reserve rate cut is causing the dollar to remain subdued, as lowering interest rates typically reduces the attractiveness of a currency by decreasing potential returns on investments denominated in that currency. This expectation is reflected in the neutral sentiment and minor negative sentiment score, indicating cautious market sentiment awaiting further developments.
Silver's Rise Encouraged by Potential Fed Rate Cut of 50bps
September 18, 2024 (05:28)
Trend: Somewhat-Bullish
Influence: 0.16
The anticipation of the Federal Reserve slashing rates is providing a boost to silver prices, which may reflect investor expectations of a weakening USD. However, the somewhat bullish sentiment indicates that some market participants still expect the USD to maintain strength despite the rate cuts.
Gold Trading Strategies Before the US Fed's Policy Announcement
September 18, 2024 (04:55)
Trend: Neutral
Influence: -0.04
The observed decline in gold prices is mildly impacting the USD exchange rate as indicated by the neutral sentiment score. This likely reflects investor anticipation of the US Fed's policy decision, balancing between a stronger dollar due to potential interest rate hikes and weaker demand for gold.
Bitcoin Climbs to $61K; Derivatives Traders Express Doubts
September 17, 2024 (19:45)
Trend: Neutral
Influence: 0.07
The increase in Bitcoin's price may influence the USD exchange rate as investors shift assets into cryptocurrencies, however, skepticism among derivatives traders suggests that this momentum might not impact the USD significantly just yet. The uncertainty around the Federal Reserve's upcoming policy decision could also be contributing to this stabilization in sentiment towards the USD.
CNY Main News
Decline in China's Covert Yuan Support Affects Hedge Fund Performance
September 16, 2024 (05:08)
Trend: Neutral
Influence: 0.04
The waning support from China for the yuan, which previously enhanced the profitability of hedge funds via Chinese debt instruments, is now making the currency less attractive for speculative trades. This loss of appeal contributes to a neutral sentiment in the CNY as investors reassess the diminished opportunities in the currency market.
Mark Cuban Advocates Sanctions Over Tariffs, Highlights Trade Tensions with Russia
September 16, 2024 (03:07)
Trend: Somewhat-Bearish
Influence: -0.19
The discussion of U.S. sanctions on Russia highlights potential volatility in global markets, influencing investor sentiment towards the Chinese yuan. As a result, the CNY might face slight depreciation pressures due to concerns about China being adversely affected by disrupted trade dynamics with Russia.
Yuan Gains Traction in Trade Finance Due to Lower Costs and Stronger Emerging Market Connections
September 8, 2024 (23:30)
Trend: Neutral
Influence: 0.12
The yuan's lower funding costs in comparison to the US dollar make it an attractive option for trade finance, potentially increasing its usage and influence in global markets. Despite this appeal, the effect on the CNY exchange rate is neutral, indicating balanced market reactions or offsetting factors.
Nvidia AI Chips Reach Chinese Markets through Smuggling Channels
September 6, 2024 (12:18)
Trend: Neutral
Influence: 0
The illicit trade of Nvidia AI chips into China, while increasing access to cutting-edge technology, does not seem to significantly impact the CNY exchange rate as evidenced by the neutral sentiment score. The currency's stability is likely maintained due to broader economic factors overshadowing specific trade issues.
Yuan's Global Influence Doesn't Match China's Economic Might, Says Former Official
September 5, 2024 (14:00)
Trend: Somewhat-Bullish
Influence: 0.26
The statement from the ex-Chongqing mayor regarding China's realistic outlook on the yuan's global role suggests a stable approach to international finance, contributing to a somewhat bullish sentiment. This perspective reduces market speculation about aggressive moves to elevate the yuan, potentially supporting its gradual appreciation.
Comprehensive Analysis of News and Events influencing the USDCNY currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the US Dollar/Yuan currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
US Dollar / Yuan Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 22 | 7.1020 | 7.0881 | 7.1258 | 0.53 % |
| Sep 23 | 7.0917 | 7.0644 | 7.1130 | 0.69 % |
| Sep 24 | 7.0757 | 7.0510 | 7.0931 | 0.60 % |
| Sep 25 | 7.0754 | 7.0534 | 7.1001 | 0.66 % |
| Sep 26 | 7.1104 | 7.0919 | 7.1324 | 0.57 % |
| Sep 27 | 7.1033 | 7.0926 | 7.1303 | 0.53 % |
| Sep 28 | 7.0937 | 7.0760 | 7.1029 | 0.38 % |
| Sep 29 | 7.0965 | 7.0717 | 7.1079 | 0.51 % |
| Sep 30 | 7.0919 | 7.0845 | 7.1153 | 0.44 % |
| Oct 01 | 7.0667 | 7.0593 | 7.0869 | 0.39 % |
| Oct 02 | 7.0445 | 7.0181 | 7.0663 | 0.69 % |
| Oct 03 | 7.0575 | 7.0332 | 7.0745 | 0.59 % |
| Oct 04 | 7.0699 | 7.0529 | 7.0844 | 0.45 % |
| Oct 05 | 7.1020 | 7.0740 | 7.1283 | 0.77 % |
| Oct 06 | 7.0914 | 7.0680 | 7.0995 | 0.45 % |
| Oct 07 | 7.1244 | 7.1083 | 7.1450 | 0.52 % |
| Oct 08 | 7.1546 | 7.1425 | 7.1639 | 0.30 % |
| Oct 09 | 7.1886 | 7.1685 | 7.2095 | 0.57 % |
| Oct 10 | 7.1872 | 7.1653 | 7.2123 | 0.66 % |
| Oct 11 | 7.1710 | 7.1502 | 7.1886 | 0.54 % |
| Oct 12 | 7.1717 | 7.1484 | 7.1907 | 0.59 % |
| Oct 13 | 7.1577 | 7.1338 | 7.1681 | 0.48 % |
| Oct 14 | 7.1413 | 7.1320 | 7.1613 | 0.41 % |
| Oct 15 | 7.1263 | 7.1152 | 7.1505 | 0.50 % |
| Oct 16 | 7.1359 | 7.1113 | 7.1634 | 0.73 % |
| Oct 17 | 7.1634 | 7.1354 | 7.1838 | 0.68 % |
| Oct 18 | 7.1738 | 7.1634 | 7.1996 | 0.51 % |
| Oct 19 | 7.1655 | 7.1544 | 7.1849 | 0.43 % |
| Oct 20 | 7.1795 | 7.1712 | 7.1935 | 0.31 % |
| Oct 21 | 7.1863 | 7.1590 | 7.2007 | 0.58 % |
Target daily price USD/CNY
Target values of the USD/CNY currency pair as of 09-22-2024.
Optimistic target level: 7.1258
Pessimistic target level: 7.0881
Target values of the USD/CNY currency pair as of 09-23-2024.
Optimistic target level: 7.1130
Pessimistic target level: 7.0644
Target values of the USD/CNY currency pair as of 09-24-2024.
Optimistic target level: 7.0931
Pessimistic target level: 7.0510
Target values of the USD/CNY currency pair as of 09-25-2024.
Optimistic target level: 7.1001
Pessimistic target level: 7.0534
Target values of the USD/CNY currency pair as of 09-26-2024.
Optimistic target level: 7.1324
Pessimistic target level: 7.0919
US Dollar / Yuan (USD/CNY) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 7.1379 | 7.0422 | 7.1864 | 2.01 % |
| Nov | 7.2250 | 7.1238 | 7.3102 | 2.55 % |
| Dec | 7.2943 | 7.2389 | 7.3556 | 1.59 % |
USD/CNY forecast for this year
Forecast of the USD/CNY pair for Oct 2024
Forecast of the USD/CNY pair for Nov 2024
Forecast of the USD/CNY pair for Dec 2024
US Dollar / Yuan (USD/CNY) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 7.3162 | 7.2577 | 7.3630 | 1.43 % |
| Feb | 7.3645 | 7.2540 | 7.4779 | 2.99 % |
| Mar | 7.4661 | 7.3975 | 7.5826 | 2.44 % |
| Apr | 7.5199 | 7.4627 | 7.6101 | 1.94 % |
| May | 7.5184 | 7.4643 | 7.5966 | 1.74 % |
| Jun | 7.4763 | 7.4135 | 7.5765 | 2.15 % |
| Jul | 7.4853 | 7.4389 | 7.5721 | 1.76 % |
| Aug | 7.4898 | 7.4583 | 7.5497 | 1.21 % |
| Sep | 7.3534 | 7.2799 | 7.4064 | 1.71 % |
| Oct | 7.3005 | 7.2202 | 7.3443 | 1.69 % |
| Nov | 7.4173 | 7.3698 | 7.5330 | 2.17 % |
| Dec | 7.3906 | 7.2975 | 7.4261 | 1.73 % |
US Dollar / Yuan (USD/CNY) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 7.4083 | 7.3046 | 7.4691 | 2.20 % |
| Feb | 7.4246 | 7.3860 | 7.5256 | 1.85 % |
| Mar | 7.3964 | 7.2840 | 7.4659 | 2.44 % |
| Apr | 7.5133 | 7.4562 | 7.6049 | 1.96 % |
| May | 7.5719 | 7.5280 | 7.6779 | 1.95 % |
| Jun | 7.6309 | 7.5836 | 7.6874 | 1.35 % |
| Jul | 7.6248 | 7.5898 | 7.7209 | 1.70 % |
| Aug | 7.5715 | 7.5336 | 7.6638 | 1.70 % |
| Sep | 7.5079 | 7.4613 | 7.6130 | 1.99 % |
| Oct | 7.6100 | 7.5765 | 7.7287 | 1.97 % |
| Nov | 7.5354 | 7.4872 | 7.6514 | 2.15 % |
| Dec | 7.6439 | 7.5614 | 7.7188 | 2.04 % |