(VIANEWS) – USD/CNH (USDCNH) has been up by 1.92% for the last 21 sessions. At 12:12 EST on Friday, 30 August, USD/CNH (USDCNH) is $7.09.
USD/CNH’s yearly highs and lows, it’s 0.229% up from its 52-week low and 0.152% 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 overbought (>=80).
News about
- According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "
- Eur/usd corrects below 1.1100 as soft Spain inflation boosts ECB rate-cut bets. According to FXStreet on Thursday, 29 August, "(The story was corrected at 10:25 GMT to say in the first paragraph that " EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.1100 in Thursday’s European session not 1.100)"
- Eur/usd price forecast: bounces-off key support near 1.1110 ahead of German/ US data. According to FXStreet on Thursday, 29 August, "From a short-term technical perspective, the EUR/USD uptrend remains intact so long as the 1.1107 support holds. "
- According to FXStreet on Friday, 30 August, "After the Spanish CPI figures came in slightly below expectations, causing some temporary weakness in the Euro, the German regional CPI figures caused EUR/USD to drop below the 1.11 level. ", "If an inflation number is going to move the EUR/USD again today, it is more likely to be the euro area one."
- According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don’t see EUR/USD trading much higher than 1.12 in the coming months. "
More news about USD/CNH (USDCNH).
