(VIANEWS) – USD/CNH (USDCNH) has been up by 0.7886% for the last session’s close. At 07:07 EST on Friday, 24 March, USD/CNH (USDCNH) is $6.88.
USD/CNH (USDCNH) Range
Concerning USD/CNH’s daily highs and lows, it’s 0.375% up from its trailing 24 hours low of $6.86 and 0.285% down from its trailing 24 hours high of $6.90.
USD/CNH’s yearly highs and lows, it’s 0.828% up from its 52-week low and 0.046% down from its 52-week high.
News about
- According to FXStreet on Wednesday, 22 March, "The combination of a weaker US Dollar post-FOMC and a robust Euro, sent EUR/USD to 1.0911, the highest since February 2, before retreating to 1.0860."
- Eur/usd steadies near seven-week high around 1.0850 after post fed whipsaw. According to FXStreet on Wednesday, 22 March, "On the other hand, policymakers from the European Central Bank (ECB) appear more hawkish and stand ready for heavy rate hikes if the banking crisis eases, which in turn propelled the EUR/USD more. ", "A clear upside break of the mid-February top, around 1.0800, allows EUR/USD to aim for 1.0930 horizontal hurdle before targeting the YTD high surrounding 1.1033."
- Eur/usd aptly portrays pre-fed anxiety below 1.0800, ecb’s lagarde eyed too. According to FXStreet on Wednesday, 22 March, "It should be noted that the Fed’s 0.25% rate hike is almost given and hence EUR/USD bears should eye for hawkish developments in the dot plot and comments to push back banking turmoil in Fed Chairman Jerome Powell’s speech.", "Although a clear upside break of 50-DMA, around 1.0730, keeps EUR/USD buyers hopeful, a three-week-old resistance line, near 1.0800 at the latest, prods the Euro pair’s further upside."
- Fed preview: three scenarios and their implications for eur/usd and usd/jpy – TDS. According to FXStreet on Wednesday, 22 March, "Economists at TD Securities discuss the Federal Reserve interest rate decision and its implications for EUR/USD and USD/JPY."
- Eur/usd price analysis: bulls eyes multi-month-old resistance as euro approaches 1.0900. According to FXStreet on Thursday, 23 March, "It should be noted that the 200-DMA level surrounding 1.0335 acts as the last defense of the EUR/USD buyers.", "Also favoring the bulls is the EUR/USD pair’s sustained rebound from the 100-DMA, around 1.0605 by the press time, as well as from the 50% Fibonacci retracement of the pair’s downside from February to September 2022, near 1.0515."
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