China Comes to Yuan's Rescue
China tries to salvage the yuan, by making it costlier to short the currency.
The People’s Bank of China (PBOC) announced on Friday that it will impose reserve requirements of 20% on some foreign-exchange forward contracts’ trading - a tactic expected to arrest yuan shorting tendencies among traders and therefore stabilize the currency.
Although a nation’s weak currency is a potential tailwind to its exports, too much depreciation in the currency might cause capital outflows. PBOC steps in after yuan’s continued losses led to its nearing the 7 per dollar mark. The central bank, however, has indicated that the strategy is for limiting currency volatility amid trade tensions - versus creating capital controls.
Earlier, China had introduced a similar tactic after the 2015 devaluation of the yuan, and had removed it in September 2017.
CNYUSD's Stochastic Oscillator sits in overbought zone for 10 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
CNYUSD broke above its upper Bollinger Band on September 17, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 08, 2025. You may want to consider a long position or call options on CNYUSD as a result. In of 133 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CNYUSD just turned positive on September 17, 2025. Looking at past instances where CNYUSD's MACD turned positive, the stock continued to rise in of 112 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 202 cases where CNYUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
Advertisement