China Yuan Direction & Critical Dollar SupportUS Dollar/Chinese YuanFX:USDCNHkonhowThe US dollar is still the leading global payment currency, holding a significant share of 49% compared to all other currencies. However, the Chinese yuan is on the rise. Although it currently accounts for only 3.5%, its growth over the past two years has drawn my attention. The yuan’s share increased from 2% in 2023 to 3.5% this year, representing a 75% increase in just 2 years. And for global commerce, the growth is even more striking: “In trade, 6% of global commerce was financed in RMB last year, up from under 2% in 2023.” This represents a 200% increase in the use of the yuan for trade in also just 2 years. If the yuan continues to grow at the same pace — at a 75% increase every 2 years — it would take roughly 11 to 12 more years to reach 49%, i.e., around the year 2036. Video version for the statistics: https://www.tradingview.com/chart/CNH1!/g1v3gdhg-China-Yuan-on-the-Rise/ Offshore Chinese Renminbi Futures and Options Ticker: CNH Minimum fluctuation: Outright:0.0005 per USD increment = 50 CNH Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/