What is CNH?
China is the world’s largest exporter and remains the second-largest economy, behind the United States.
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As part of the free trade of yuan in the global forex market, the Hong Kong Monetary Authority and People’s Bank of China created CNH as an offshore version of yuan, also known as renminbi (RMB).
Now that Beijing allows the yuan to trade more freely and the exchange rate to fluctuate at increasing intervals, traders the world over are flocking to CNH.
On any FXCM trading platform, you can buy or sell CNH, taking advantage of movements of the Chinese currency against the US dollar.
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