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USD/CNH Is 4% Down In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 4.33% for the last 21 sessions. At 03:11 EST on Monday, 13 March, USD/CNH (USDCNH) is $6.90.

USD/CNH’s yearly highs and lows, it’s 0.575% up from its 52-week low and 0.456% down from its 52-week high.

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  • Eur/usd climbs on high inflation data in Germany, as the USD sinks post US NFP. According to FXStreet on Saturday, 11 March, "The EUR/USD rose 0.45% late in the New York session in a volatile trading day, with Wall Street set to register substantial losses blamed on a US bank collapse. "
  • Eur/usd price analysis: bulls attack 200-sma as ECB week begins with risk-on mood. According to FXStreet on Monday, 13 March, "In a case where the EUR/USD pair remains bearish past 1.0585, the odds of witnessing a fresh monthly low, currently around 1.0525, can’t be ruled out.", "On the flip side, EUR/USD pullback remains elusive unless the quote stays beyond the 100-SMA support of 1.0620. "
  • Eur/usd bulls cheer svb-led risk-on mood, easing hawkish fed bets to cross 1.0700, US inflation, ECB eyed. According to FXStreet on Monday, 13 March, "That said, the ECB is likely to announce a 0.50% rate hike and can join the latest risk-on mood to propel the EUR/USD price. ", "The EUR/USD pair’s higher highs on price fail to gain support from the Relative Strength Index (RSI) 14 as it forms a lower high, which in turn suggests a lack of enough bullish momentum to cross the immediate key hurdle, namely the 200-SMA level surrounding 1.0710."

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