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MarketFX

USD/CNH Bullish By 1% In The Last 10 Sessions

ViaNews Editorial Team

October 11, 2024

USD/CNH Bullish By 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.44% for the last 10 sessions. At 08:07 EST on Friday, 11 October, USD/CNH (USDCNH) is $7.07.

USD/CNH's yearly highs and lows, it's 0.058% up from its 52-week low and 0.226% down from its 52-week high.

News about

  • According to FXStreet on Wednesday, 9 October, "We continue to flat-line our multi-quarter EUR/USD forecasts at 1.10 until the outcome ofNovember's US presidential election is known.", "There is very little on the eurozone calendar today and while EUR/USD may press 1.10on the back of this morning's news out of China -the Ministry of Finance will brief on fiscal policy this Saturday -we suspect sellers to emerge there."
  • Eur/usd hangs near two-month low, seems vulnerable below mid-1.0900s ahead of US CPI. According to FXStreet on Thursday, 10 October, "Moreover, the risk of a further escalation of geopolitical tensions in the Middle East should benefit the safe-haven Greenback and suggest that the path of least resistance for the EUR/USD pair is to the downside. ", "The data will play a key role in influencing expectations about the Fed's rate-cut path, which, in turn, will drive the USD demand in the near term and provide a fresh directional impetus to the EUR/USD pair."
  • Eur/usd falls back as US CPI inflation data prints above expectations. According to FXStreet on Thursday, 10 October, "The EUR/USD pair is trading around 1.09343, experiencing a slight decline of 0.05% for the day as selling pressure continues to weigh on the currency pair. "
  • Eur/usd struggles to gain ground below 1.0950 ahead of German inflation data. According to FXStreet on Friday, 11 October, "The EUR/USD pair remains on the defensive around 1.0935 during the early European session on Friday. "

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.