The offshore Chinese yuan (USDCNH) has tested the 7.37 level for the fourth time since October 2022, signaling a potential breakout. Historically, such scenarios often lead to interest rate hikes, as seen with currencies like the Turkish lira, Russian ruble, and Argentine peso during periods of special economic situation. However, trading USD/CNH via CFDs is generally not recommended due to the high risk associated with leveraged products. Investors seeking exposure to this currency pair may consider alternatives such as options or forward contracts, which offer more structured and risk-managed trading strategies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.