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MarketFX

USD/CNH Over 1% Down In The Last 10 Sessions

ViaNews Editorial Team

February 11, 2024

USD/CNH Over 1% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.54% for the last 10 sessions. At 13:09 EST on Sunday, 11 February, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0% down from its 52-week low and 0% down from its 52-week high.

News about

  • Eur/usd stalls the recent recovery from multi-month low despite subdued USD demand. According to FXStreet on Friday, 9 February, "This, in turn, will drive the sentiment surrounding the USD and provide some meaningful impetus to the EUR/USD pair.", "This is closely followed by the 1.0700 mark, which if broken decisively will be seen as a fresh trigger for bearish traders and make the EUR/USD pair vulnerable. "
  • Eur/usd could end the week back above the 1.0800 level – ING. According to FXStreet on Friday, 9 February, "Barring some aggressive upward revisions to the late 2022 numbers, we have a slight bias that this event risk is a bullish one and EUR/USD could end the week back above the 1.0800 level."
  • Eur/usd finds thin gains on Friday, remains capped below 1.0800. According to FXStreet on Friday, 9 February, "The EUR/USD remains pinned on the south side of the 200-hour Simple Moving Average (SMA) just beneath 1.0800. ", "The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. "
  • Eur/usd price analysis: seems vulnerable while below 100-day sma, 1.0800 mark. According to FXStreet on Friday, 9 February, "The subsequent short-covering move has the potential to lift the EUR/USD pair further and allow it to reclaim the 1.0900 round-figure mark.", "Apart from this, expectations that the European Central Bank (ECB) will cut interest rates at the start of the second quarter act as a headwind for the shared currency and exert some downward pressure on the EUR/USD pair."
  • Eur/usd weekly forecast: choppy results as angst and trading questions grow - 11 February 2024. According to DailyForex on Sunday, 11 February, "While questions mount about the European Central Bank's inability to move without the seemingly needed approval of other central banks and Germany's economic struggles, EUR/USD traders also have their eyes of U.", "The ability of the EUR/USD to climb upwards last week from lows should not be taken as a green light to become an overly aggressive buyer quite yet of the currency pair. "

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.