USD/CNH Drops By 2% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.48% for the last 21 sessions. At 16:08 EST on Thursday, 23 November, USD/CNH (USDCNH) is $7.14.

USD/CNH’s yearly highs and lows, it’s 0.053% up from its 52-week low and 0.367% down from its 52-week high.

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  • Eur/usd stands tall near its highest level since August, around mid-1.0900s. According to FXStreet on Tuesday, 21 November, "There isn’t any relevant market-moving macro data due for release from the Eurozone on Tuesday, leaving the EUR/USD pair at the mercy of the USD price dynamics. ", "Apart from this, the risk-on environment is seen undermining the safe-haven Greenback and acting as a tailwind for the EUR/USD pair."
  • According to DailyForex on Tuesday, 21 November, "Almost every major currency is higher against the US Dollar, with the EUR/USD currency pair reaching a new 3-month high and the GBP/USD reaching a new 2-month high. "
  • Eur/usd analysis: bullish momentum ahead of an important event – 21 November 2023. According to DailyForex on Tuesday, 21 November, "Finally, "The rise in the EUR/USD rate has been very significant, in our view, from an inflation surprise and perspective." Relative rate.", "On the other hand, over the same period, the EUR/USD moved towards the support level of 1.0770, which represents a collapse of the current upward correction."
  • Eur/usd forecast: looks to upside – 21 November 2023. According to DailyForex on Tuesday, 21 November, "Given sufficient time, this could set the stage for a substantial reversal in the EUR/USD pair. "
  • Eur/usd price analysis: gains momentum above 1.0950 amid overbought condition. According to FXStreet on Tuesday, 21 November, "However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. ", "The EUR/USD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. "

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