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USD/CNH Over 2% Down In The Last 21 Sessions

ViaNews Editorial Team

February 24, 2023

USD/CNH Over 2% Down In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.98% for the last 21 sessions. At 08:14 EST on Friday, 24 February, USD/CNH (USDCNH) is $6.96.

USD/CNH's yearly highs and lows, it's 0.727% up from its 52-week low and 0.013% down from its 52-week high.

News about

  • Eur/usd bulls move in ahead of the FOMC minutes. According to FXStreet on Wednesday, 22 February, "The US Dollar rose against all G10 except sterling while EUR/USD was choppy but ultimately 40 pips lower to 1.0637. "
  • Eur/usd trims gains near 1.0650 ahead of FOMC minutes, fed vs. ECB divergence is in focus. According to FXStreet on Wednesday, 22 February, "Also adding strength to the EUR/USD run-up were the sluggish US Treasury bond yields after they refreshed a three-month high. ", "It's worth mentioning that the latest piece from the Financial Times (FT) highlights increasingly hawkish ECB bets to put a floor under the EUR/USD price. "
  • Eur/usd: the downside risk is likely to dominate – commerzbank. According to FXStreet on Wednesday, 22 February, "Another reason why the downside risk in EUR/USD is likely to dominate after all."

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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