(VIANEWS) – USD/CNH (USDCNH) has been up by 2.81% for the last 21 sessions. At 21:09 EST on Monday, 26 June, USD/CNH (USDCNH) is $7.24.
USD/CNH’s yearly highs and lows, it’s 0.036% up from its 52-week low and 0.086% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
News about
- Eur/usd: weekly forecast 25th June – 1st July – 25 June 2023. According to DailyForex on Sunday, 25 June, "However, causing a massive reversal which likely wiped out a solid amount of bets on the EUR/USD upwards momentum was the dramatic realization the E.", "The velocity of the EUR/USD was fast and trading conditions may have another dark shadow to deal with on Monday’s opening via the developing news from Russia. "
- According to FXStreet on Monday, 26 June, "This positive start to the week for EUR/USD is in line with the renewed selling pressure on the Greenback, which has caused the USD Index (DXY) to retreat from its multi-day highs above 103.00 seen towards the end of last week.", "The constructive view of EUR/USD appears unchanged as long as the pair trades above the crucial 200-day SMA, today at 1.0567."
- Eur/usd pares recent losses around 1.0900 with eyes on eu/us inflation, ECB forum. According to FXStreet on Sunday, 25 June, "Even so, downbeat PMIs from Europe and Germany, versus not-so-disappointing activity data from the US, join the broad fears of recession to keep the EUR/USD bears hopeful.", "On the other hand, Ning Jizhe, deputy head of the economic committee of the Chinese People’s Political Consultative Conference (CPPCC) and a former vice head of the National Development and Reform Commission (NDRC) flagged concerns about sooner stimulus from China and allowed the EUR/USD to rebound, due to its business ties with Beijing. "
- Eur/usd forecast: faces volatility amidst economic concerns and US dollar influence – 26 June 2023. According to DailyForex on Monday, 26 June, "The surge in volatility affecting most markets inevitably impacts the EUR/USD pair as well.", "Conversely, if risk aversion becomes more apparent, the EUR/USD pair may experience downward pressure. "
- Eur/usd trades with a mild positive bias just above 1.0900, lacks follow-through. According to FXStreet on Monday, 26 June, "The EUR/USD pair kicks off the new week on a positive note and moves further away from over a one-week high – levels just below mid-1.0800s touched on Friday. ", "Apart from this, the USD price dynamics should produce short-term opportunities around the EUR/USD pair. "
More news about USD/CNH (USDCNH).
