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The USD/CNH currency combination is heavily impacted by the correlation of two of the largest and most affluent economies in the world: the United States and China. Although it is a minor pairing, it has a sizable following and its popularity has grown in recent years. The relationship between the two currencies can be volatile, due to the many divergent factors affecting the fortunes of these very different nations.
The difference in price between the “offshore yuan” (CNH) and the “onshore” one (CNY) is, as a rule, only a few points, and they move almost parallel to each other. If you are going to perform the analysis, you need to take into account that the pair with CNH began to appear on the market only since 2010. It almost completely repeats the movements of CNY, so, you can take the CNY earlier data to test your EAs.
If you are interested in trading the USD/CNH currency pair, contact FxPro today and open trading account in several minutes.
client accounts
FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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