(VIANEWS) – USD/CNH (USDCNH) has been up by 2.26% for the last 21 sessions. At 08:08 EST on Wednesday, 21 August, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.262% up from its 52-week low and 0.064% 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/usd: FX options markets suggest some active buying – ING. According to FXStreet on Tuesday, 20 August, "The one-month risk reversal -the price of a EUR/USD call option over an equivalent put option -is moving deeper in favour of euro calls. ", "This is now running close toa €30bn surplus per month compared to the €30bn monthly deficits seen in 2022 -and a big driver of EUR/USD weakness that year."
- Eur/usd: A run towards 1.1 near term is possible – scotiabank. According to FXStreet on Tuesday, 20 August, "The Euro (EUR) is showing a marginal loss on the day on the screens but EUR/USD has essentially moved sideways in a narrow range overnight as the market consolidates around the EUR’s highest point since the start of the year, Scotiabank’s Chief FX Strategist Shaun Osborne notes.", "While much attention falls on the Fed policy outlook as a driver of EUR/USD gains, the ECB cannot be overlooked. "
- Eur/usd: new range? – rabobank. According to FXStreet on Tuesday, 20 August, "As we argued earlier this month, we see upside risks for EUR/USD as likely to be associated with a softer USD rather than a broadly stronger EUR. ", "On balance, while we can not rule out another dip to the EUR/USD1.08 area in the weeks ahead, we expect EUR/USD to 1.09/1.10 area to become more comfortable for EUR/USD in the coming months."
- Eur/usd holds below 1.1150 amid cautious mood, all eyes on FOMC minutes. According to FXStreet on Wednesday, 21 August, "The EUR/USD pair loses momentum around 1.1120, snapping the three-day winning streak during the early European session on Wednesday. "
More news about USD/CNH (USDCNH).
