(VIANEWS) - USD/CNH (USDCNH) has been up by 2.03% for the last 21 sessions. At 22:09 EST on Wednesday, 6 September, USD/CNH (USDCNH) is $7.32.
USD/CNH's yearly highs and lows, it's 0.118% up from its 52-week low and 0.035% 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).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh bulls approach 7.2900 on softer China pmi, easing stimulus-driven optimism. According to FXStreet on Tuesday, 5 September, "Additionally, the US Dollar Index (DXY) rebound, backed by the upbeat Treasury bond yields also underpins the USD/CNH upside.", "However, the market's lack of confidence in the Chinese measures to defend the economy, as well as the recent Sino-American tensions over Taiwan and the US businesses' discomfort in Beijing, prod the market's risk-on mood and propel the USD/CNH price."
- Usd/cnh ignores China FX intervention to print three-day uptrend near 7.3200 on economic fears. According to FXStreet on Wednesday, 6 September, "However, concerns that property market restrictions in the Dragon Nation are negative, per the Chinese media, seem to keep the USD/CNH buyers hopeful.", "Looking ahead, the US ISM Services PMI for August, expected 52.6 versus 52.7 prior, as well as the final readings of the US S&P Global PMIs for the said month, will be important for clear directions of the USD/CNH price."
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