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USD/CNH Over 1% Up In The Last 5 Sessions

ViaNews Editorial Team

October 4, 2024

USD/CNH Over 1% Up In The Last 5 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.35% for the last 5 sessions. At 08:06 EST on Friday, 4 October, USD/CNH (USDCNH) is $7.07.

USD/CNH's yearly highs and lows, it's 0.304% up from its 52-week low and 0.024% 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).

News about

  • Eur/usd extends losing streak toward 1.1000 due to rising odds of an ECB rate cut. According to FXStreet on Friday, 4 October, "The EUR/USD pair depreciates as the US Dollar (USD) receives support from a better-than-expected US ISM Services PMI and ADP Employment Change reports, which challenged dovish expectations for Federal Reserve (Fed) monetary policy."
  • Eur/usd slides lower on increasing pessimism about European economy, tighter fed, USD haven flows. According to FXStreet on Thursday, 3 October, "Rising geopolitical tensions in the Middle East further support the US Dollar because the Greenback is viewed as a safe-haven in times of crisis, further weighing on the EUR/USD pair. "
  • Eur/usd remains on the defensive below 1.1050, all eyes on US NFP data. According to FXStreet on Thursday, 3 October, "The EUR/USD pair remains on the defensive near 1.1035 amid the stronger Greenback during the early Asian session on Friday. "

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.

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