(VIANEWS) – USD/CNH (USDCNH) has been up by 1.7% for the last 21 sessions. At 17:06 EST on Sunday, 11 August, USD/CNH (USDCNH) is $7.17.
USD/CNH’s yearly highs and lows, it’s 0% down from its 52-week low and 0% 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 holds position above 1.0900 after breaking its losing streak. According to FXStreet on Friday, 9 August, "The upside of the EUR/USD pair could be attributed to the downbeat US Dollar (USD), which could be attributed to heightened expectations of a dovish policy outlook by the US Federal Reserve (Fed).", "However, the EUR/USD pair faced challenges as US Initial Jobless Claims fell to 233,000 for the week ending August 2, coming in below the market expectation of 240,000. "
- Eur/usd consolidates as investors look for fresh guidance on fed-ecb rate-cut path. According to FXStreet on Friday, 9 August, "This would drive EUR/USD towards the August 10, 2023, high at 1.1065, followed by the round-level resistance at 1.1100."
- According to FXStreet on Friday, 9 August, "Even in that scenario, we would think EUR/USD would flatten rather than materially depreciate given the favourable rate spread.", "The risk is, if anything, that markets hold a more defensive view and tolerate an undervalued EUR/USD for longer ahead of the key US CPI risk event. "
- Eur/usd: stuck in a range between 1.06 and 1.10 this year – rabobank. According to FXStreet on Friday, 9 August, "The lack of strong direction in EUR/USD is despite a wealth of news that has included prolonged weakness in Germany’s manufacturing powerhouse, a shift to the far-right in European politics (most notably France) and a ratcheting up of budgetary concerns in a number of Eurozone countries. ", "The ability of EUR/USD to soak up all this news and remain range bound suggests that more of the same may be on the cards in the months ahead. "
- Eur/usd churns after a week of directionless weight-shifting. According to FXStreet on Friday, 9 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 if bidders don’t return to the fold and get EUR/USD bolstered into fresh near-term highs."
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