Is US-China in A ‘Cold War’?
China is not manipulating its currency, according to Monday’s comments by the nation’s foreign ministry spokesman Geng Shuang.
Shuang emphasized that the exchange rate of the Chinese yuan is “market-determined” and that there are “ups and downs”, possibly trying to quash U.S. President Donald Trump’s recent views on the currency. Trump hinted at what he believes to be a possible “manipulation” by China in pushing down the yuan’s value in recent times.
Yuan is almost at a one-year low against the U.S. dollar, having trended down through more than a month now. Trump is apparently worried about the adverse effect a weakening yuan could have on U.S. competitiveness in the export market, especially amidst the Fed’s policy rate hikes this year.
Late last week, the U.S. President claimed that, if he feels the need, he’s ready to slap tariffs on all of the $500 billion worth of Chinese goods that the U.S. imports – suggesting that he’s prepared to up the ante on the ‘trade war’ with China.
Shuang, however, mentioned on Monday that China “does not want a trade war but we are not afraid of one”.
CNYUSD in -1.98% downward trend, falling for three consecutive days on June 24, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CNYUSD declined for three days, in of 221 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 23, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CNYUSD as a result. In of 139 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CNYUSD turned negative on June 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 120 similar instances when the indicator turned negative. In of the 120 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
CNYUSD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
