(VIANEWS) – USD/CNH (USDCNH) has been up by 1.6% for the last 10 sessions. At 19:08 EST on Wednesday, 28 February, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.003% up from its 52-week low and 0.026% down from its 52-week high.
News about
- Eur/usd: lacking a clear catalyst for another leg higher unless US data disappoints today – ING. According to FXStreet on Tuesday, 27 February, "The Eurozone calendar only includes money supply figures today, and our expectations for a re-strengthening of the Dollar around Thursday’s US PCE release makes us sceptical of the sustainability of a EUR/USD rally at this stage."
- Eur/usd continues sideways grind near 1.0850 on Tuesday. According to FXStreet on Tuesday, 27 February, "Despite firm technical resistance, EUR/USD has closed in the green for the last nine trading days as the pair drifts into the 200-day Simple Moving Average (SMA) at 1.0830. "
- Eur/usd slips amid risk-off sentiment despite US disappointing data. According to FXStreet on Tuesday, 27 February, "In the US, the second estimate of the Gross Domestic Product (GDP) and Fed speakers could spark some volatility in the EUR/USD pair.", "Despite hitting a three-day high, the EUR/USD retreated from around 1.0860 to 1.0840s, at a time that Relative Strength Index (RSI) studies had peaked and edged towards the 50-midline. "
- Eur/usd depreciates on risk-off sentiment ahead of eurozone, US data, trades around 1.0840. According to FXStreet on Wednesday, 28 February, "On the other hand, Kit Juckes, Chief Global FX Strategist at Société Générale, highlights the significance of whether the Federal Reserve or the European Central Bank cuts rates first or most aggressively in determining the direction of the EUR/USD pair this year."
- Eur/usd price analysis: hovers around the major level of 1.0850. According to FXStreet on Tuesday, 27 February, "Immediate resistance levels for the EUR/USD pair are identified at the 38.2% Fibonacci retracement level of 1.0864, followed by February’s high of 1.0897, which aligns with the significant psychological barrier at 1.0900.", "Consequently, during Tuesday’s Asian session, the EUR/USD pair hovers around 1.0850."
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