USD/CNH Went Down By Over 6% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 6.23% for the last 21 sessions. At 16:07 EST on Wednesday, 1 February, USD/CNH (USDCNH) is $6.72.

Usd/cnh rebounds above 6.7500 despite caixin manufacturing PMI misses estimates

The USD/CNH pair has shown sheer volatility after the IHS Markit reported a lower-than-anticipated Caixin Manufacturing PMI data.

USD/CNH’s yearly highs and lows, it’s 0.128% up from its 52-week low and 0.543% down from its 52-week high.

Previous days news about USD/CNH (USDCNH)

  • Usd/cnh prints mild losses around 6.7400 on China-linked concerns ahead of pmis, fed and US NFP. According to FXStreet on Monday, 30 January, "Moving on, USD/CNH traders will pay close attention to January’s official PMIs, up for publishing on Tuesday, for immediate directions ahead of Wednesday’s Fed meeting and Friday’s US jobs report. ", "On the other hand, the hopes of the Federal Reserve’s (Fed) dovish hike after the last week’s mixed data seem to weigh on the USD/CNH prices."
  • Usd/cnh displays volatile moves below 6.7600 on upbeat China‚Äôs official PMI. According to FXStreet on Tuesday, 31 January, "The USD/CNH pair is displaying wild gyrations as China’s National Bureau of Statistics (NBS) has reported upbeat official PMI data. "

More news about USD/CNH (USDCNH).

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