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USD/CNH Bearish By 4% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 4.85% for the last 21 sessions. At 03:06 EST on Tuesday, 14 February, USD/CNH (USDCNH) is $6.83.

USD/CNH’s yearly highs and lows, it’s 0.15% up from its 52-week low and 0.021% down from its 52-week high.

News about

  • Eur/usd sees more weakness below 1.0660 as investors expect a surprise upside in US CPI. According to FXStreet on Sunday, 12 February, "The EUR/USD pair has showed a pullback move to near 1.0680 in the early Tokyo session. "
  • Eur/usd forex signal: double bottom slowly forms – 13 February 2023. According to DailyForex on Monday, 13 February, "The EUR/USD continued pulling back as the US dollar index (DXY) strength gained steam. ", "Meanwhile, from Europe, the EUR/USD pair will react to the upcoming statement by Christine Lagarde of the European Central Bank (ECB) on Wednesday. "
  • Eur/usd price analysis: sellers attack 1.0660 key support at monthly low. According to FXStreet on Monday, 13 February, "Overall, EUR/USD is likely to extend its south-run as traders await the key US inflation data.", "Hence, the quote is all set to conquer the immediate 1.0660 support, which in turn pens the south-run towards the 50% and 61.8% Fibonacci retracement level of the EUR/USD run-up from November 2022 to February 2023, respectively near 1.0630 and 1.0530."
  • Eur/usd to rise to 1.10 by Q2 – deutsche bank. According to FXStreet on Monday, 13 February, "Economists at Deutsche Bank expect the EUR/USD and GBP/USD pairs to climb towards 1.10 and 1.25 by Q2, respectively.", "There is scope for the EUR/USD to catch-up to favourable energy and monetary policy developments and reach 1.10 by Q2."

More news about USD/CNH (USDCNH).

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