USD/CNH

USD/CNH CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the offshore Chinese Yuan (Renminbi).

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.

The offshore Chinese Yuan (CNH) is traded outside of mainland China and its value is influenced by the Chinese economic performance, the People's Bank of China's (PBOC) monetary policy, and the relationship between the US and China. Unlike the onshore Yuan (CNY), CNH is allowed to float more freely.

The USD/CNH currency pair will be influenced by the relative economic performance and monetary policies of the United States and China, and also by geopolitical factors.