(VIANEWS) – USD/CNH (USDCNH) has been up by 1.86% for the last 21 sessions. At 23:08 EST on Sunday, 10 December, USD/CNH (USDCNH) is $7.18.
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
- According to FXStreet on Friday, 8 December, "With the Relative Strength Index (RSI) on the daily chart flashing oversold conditions, a sustained strength beyond might trigger a short-covering rally and allow the USD/JPY pair to reclaim the 145.00 psychological mark.", "This, along with a downward revision to Japan’s third-quarter GDP print, assists the USD/JPY pair in attracting some buyers near the 142.50-142.45 region. "
- Usd/jpy climbing back into 145.00, clawing back losses after tumble from 147.00. According to FXStreet on Friday, 8 December, "BoJ Governor Ueda hinted that the BoJ may begin moving to tighten monetary policy if wage growth begins to accelerate heading into 2024, sparking a broad-market bid splurge that sent the USD/JPY tumbling over 4% peak-to-trough on Thursday. ", "Despite the Dollar-positive NFP release, the USD/JPY remains deep in the red for the trading week after the Yen surged in one of its single best trading days in 13 months, fueled by speculation that the BoJ could finally be ending its negative rate regime as the Japanese central bank moves towards tighter monetary policy."
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