This major pair is made up of the US dollar and the Chinese renminbi or yuan.

CNY, however, refers to the trading of this currency in the onshore Chinese trading market. When the Chinese renminbi or yuan is traded offshore, it is referred to as CNH.

The leading factor to monitor when investing in this pair is the US-China trade war.

Historically, the value of the CNY has dropped against the US dollar due to the efforts of the Chinese government to drive down the price of their exports.

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