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

ViaNews Editorial Team

February 16, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.48% for the last 10 sessions. At 20:12 EST on Thursday, 15 February, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0.072% up from its 52-week low and 0.006% down from its 52-week high.

News about

  • Usd/jpy analysis: bullish consolidation awaits key data - 15 February 2024. According to DailyForex on Thursday, 15 February, "Also, USD/JPY pair remained above the 50-day and 25-day moving averages, while the Average Directional Index (ADX) remained above 20. ", "Looking ahead, the next big news for USD/JPY will come on Thursday when Japan publishes its latest GDP numbers. "
  • Usd/jpy: A break of 152.00 will have some dusting-off calls for 160.00 – ING. According to FXStreet on Thursday, 15 February, "We do not think USD/JPY is particularly stable in this 150.00-152.00 area and feel that implied volatility levels are too cheap.", "The 152.00 area is clearly a big resistance level for USD/JPY - a break that will have some dusting-off calls for 160.00."
  • Usd/jpy analysis: return to the levels of Japanese intervention - 14 February 2024. According to DailyForex on Wednesday, 14 February, "As I expected before, USD/JPY is highly likely to move towards the 150.00 psychological resistance again, and through our live trading recommendations page, we always recommend buying USD/JPY from each level. "
  • US treasury would accept Japanese intervention to sell usd/jpy should it make a quick move to 152.00 – ING. According to FXStreet on Wednesday, 14 February, "We are not so sure and suspect the US Treasury would again accept Japanese intervention to sell USD/JPY should it make a quick move to 152.00. ", "At just 7.45%, one week USD/JPY implied volatility seems too low in that intervention cannot completely be ruled out."
  • Usd/jpy forecast: continues to look to the upside - 15 February 2024. According to DailyForex on Thursday, 15 February, "Despite the inherent uncertainty in the market, holding onto the USD/JPY pair offers investors tangible returns akin to those of traditional investments. ", "At the end of the day, the USD/JPY pair continues to highlight the US dollar's dominance over the Japanese yen, driven by interest rate differentials and investor sentiment. "

More news about USD/CNH (USDCNH).

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.

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