(VIANEWS) – USD/CNH (USDCNH) has been up by 2.15% for the last 21 sessions. At 17:10 EST on Monday, 5 August, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.741% up from its 52-week low and 0.378% 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 overbought (>=80).
News about
- Eur: when the dust settles, eur/usd should trade higher – ING. According to FXStreet on Monday, 5 August, "Weaker global growth isnot good for the pro-cyclical Euro (EUR), but the fact that the ‘US exceptionalism’narrative could be coming back to earth with a bump should be EUR/USD supportive, ING’s FX strategist Chris Turner notes.", "Overall we think EUR/USD should be able to press the 1.0950/80 region and break above 1.10 - especially if the Fed starts to acknowledge that action is required."
- Eur/usd: top of range – rabobank. According to FXStreet on Monday, 5 August, "In our view, factors most likely to drive EUR/USD above 1.10 would likely be a surge in evidence suggesting a sharp slowdown is occurring in the US economy combined with a drop back of Trump in the polls.", "It follows that US news will create the biggest risk factors as to whether EUR/USD can hold levels above 1.10 before the end of this year."
More news about USD/CNH (USDCNH).
