(VIANEWS) – USD/CNH (USDCNH) has been up by 1.21% for the last 10 sessions. At 18:08 EST on Thursday, 17 October, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.011% up from its 52-week low and 0.027% 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
- According to FXStreet on Thursday, 17 October, "Interest rate changes in particular can trigger short-term volatility in EUR/USD and lead to swings in the exchange rate, even if they are short-lived. ", "Which is why I could imagine that the risks in EUR/USD today lie on the downside. "
- According to FXStreet on Thursday, 17 October, "Heading into the ECB showdown, EUR/USD stays in a consolidation phase below 1.1000."
- According to FXStreet on Tuesday, 15 October, "The market would have to correct its expectations for the ECB and Fed and EUR/USD would rise in the foreseeable future.", "All in all, this means to me that the USD could struggle to remain below the 1.09 mark in EUR/USD on its own, but the ECB and Lagarde could potentially pave the way for this on Thursday on the euro side if the market were to step up its interest rate cut expectations for the ECB again."
- According to FXStreet on Tuesday, 15 October, "While there is scope for EUR doves to be disappointed near-term in view of still sticky services sector inflation, we still expect that EUR/USD will edge lower medium-term."
- According to FXStreet on Tuesday, 15 October, "The rewidening in rate differentials with the USD is clearly prompting a shift in strategic EUR/USD positioning, and CFTC data showed net-longs have declined from 13.5% to 5.9% of open interest since early September, ING’s FX strategist Francesco Pesole notes.", "A more balanced positioning picture means EUR/USD can find some support in the dips. "
More news about USD/CNH (USDCNH).
