(VIANEWS) – USD/CNH (USDCNH) has been up by 1.35% for the last 5 sessions. At 08:06 EST on Friday, 4 October, USD/CNH (USDCNH) is $7.07.
USD/CNH’s yearly highs and lows, it’s 0.304% up from its 52-week low and 0.024% 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 extends losing streak toward 1.1000 due to rising odds of an ECB rate cut. According to FXStreet on Friday, 4 October, "The EUR/USD pair depreciates as the US Dollar (USD) receives support from a better-than-expected US ISM Services PMI and ADP Employment Change reports, which challenged dovish expectations for Federal Reserve (Fed) monetary policy."
- Eur/usd slides lower on increasing pessimism about European economy, tighter fed, USD haven flows. According to FXStreet on Thursday, 3 October, "Rising geopolitical tensions in the Middle East further support the US Dollar because the Greenback is viewed as a safe-haven in times of crisis, further weighing on the EUR/USD pair. "
- Eur/usd remains on the defensive below 1.1050, all eyes on US NFP data. According to FXStreet on Thursday, 3 October, "The EUR/USD pair remains on the defensive near 1.1035 amid the stronger Greenback during the early Asian session on Friday. "
More news about USD/CNH (USDCNH).
