(VIANEWS) – USD/CNH (USDCNH) has been up by 4.48% for the last 21 sessions. At 19:10 EST on Wednesday, 15 March, USD/CNH (USDCNH) is $6.89.
Usd/cnh seeks support around 6.8800 as Chinese retail sales justify expectations
The USD/CNH pair is gauging a cushion around 6.8800 as China’s National Bureau of Statistics (NBS) has reported flat Retail Sales (Feb) data.
USD/CNH’s yearly highs and lows, it’s 0.007% up from its 52-week low and 0.035% down from its 52-week high.
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: bounces off 50-dma but bears keep control. According to FXStreet on Tuesday, 14 March, "That said, the USD/CNH pair’s latest recovery remains elusive unless the quote stays below the support-turned-resistance line from early February, around 6.9350 by the press time.", "It should be observed that the 7.0000 psychological magnet acts as an extra upside filter before giving control to the USD/CNH bulls."
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