(VIANEWS) – USD/CNH (USDCNH) has been up by 1.69% for the last 21 sessions. At 10:08 EST on Friday, 9 August, USD/CNH (USDCNH) is $7.17.
USD/CNH’s yearly highs and lows, it’s 0.064% up from its 52-week low and 0.306% 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 strengthens above 1.0900 on softer US dollar, eyes on geopolitical risks. According to FXStreet on Thursday, 8 August, "The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday. ", "Nonetheless, the risk-off sentiment might cap the upside of EUR/USD amid the escalating geopolitical risks. "
- Eur/usd bounces off 1.0900 mark, keeps the red amid modest USD strength. According to FXStreet on Wednesday, 7 August, "Adding to this, the European Central Bank’s (ECB) downbeat view of the Eurozone’s economic prospects continues to undermine the shared currency and exert some downward pressure on the EUR/USD pair. ", "From a technical perspective, a sustained break and acceptance below the 1.0900 mark could be seen as a key trigger for bearish traders and pave the way for some meaningful downside for the EUR/USD pair. "
- Eur/usd extends its decline near 1.0900 on the recovery of US dollar. According to FXStreet on Wednesday, 7 August, "The EUR/USD pair trades on a softer note near 1.0915 after retracing from seven-month highs of nearly 1.1008 during the Asian trading hours on Wednesday. "
- Eur: if markets can settle, eur/usd should trade higher – ING. According to FXStreet on Thursday, 8 August, "If it is, our view is that EUR/USD can reconnect with the sharp narrowing in eurozone:US interest rate differentials and can start trading over 1.10, ING’s FX strategist Chris Turner notes.", "We favour EUR/USD holding 1.0900 support and were US initial claims to surprise on the upside today, EUR/USD could take another run at 1.10."
- Eur/usd cycles near 1.0900 as fiber traders tread water. According to FXStreet on Thursday, 8 August, "Fiber continues to trade on the high side of a rough descending channel that has weighed on EUR/USD for the duration of 2024. ", "A rising pattern of higher lows is solidifying on daily candlesticks, but EUR/USD is still poised for another dip back into the 200-day Exponential Moving Average (EMA) near 1.0800."
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