Does Fed raise rates to weaken China yuan? USDCNH

27 jun 2023

I wanted to take a moment to share some exciting news with you all about the USDCNH (US dollar and Chinese yuan) currency pair.

As many of you may know, the Chinese economy has been showing signs of weakness lately, directly impacting the yuan's value. The Federal Reserve has also raised interest rates, weakening the yuan against the US dollar.

But what does this mean for us as forex traders? It means there is an excellent opportunity to long the USDCNH and potentially make some serious profits.

So, I encourage you to take advantage of this situation and consider going long on the USDCNH. With the yuan's continued weakness and the Fed's interest rate hikes, there's a good chance this currency pair will continue to rise.

Don't miss out on this opportunity to make some serious gains. Start trading the USDCNH today and take advantage of the current market conditions.