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MarketFX

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

ViaNews Editorial Team

December 22, 2023

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.21% for the last 21 sessions. At 07:12 EST on Friday, 22 December, USD/CNH (USDCNH) is $7.15.

USD/CNH's yearly highs and lows, it's 0.206% up from its 52-week low and 0.024% down from its 52-week high.

News about

  • Japanese yen adds to overnight modest gains; usd/jpy drops to 143.00 neighbourhood. According to FXStreet on Thursday, 21 December, "This, along with a modest US Dollar (USD) downtick, drags the USD/JPY pair back below the 143.00 mark.", "On the flip side, the 143.85 region now seems to act as an immediate strong resistance ahead of the 144.00 level, which if cleared should allow the USD/JPY pair to make a fresh attempt towards conquering the 145.00 mark. "
  • According to FXStreet on Wednesday, 20 December, "This, however, does little to provide any meaningful impetus to the USD/JPY pair. ", "A sustained strength beyond will suggest that the USD/JPY pair has formed a near-term bottom and pave the way for some meaningful appreciating move. "
  • Usd/jpy ascends mildly,lack of clarity on boj’s pivot weighs on the yen. According to FXStreet on Wednesday, 20 December, "The USD/JPY pair edged higher in Wednesday's session, trading around the 143.80 level, as the markets remained directionless due to the absence of Bank of Japan's pivot clues. "
  • Usd/jpy corrects from 145.00 as fed’s rate cut expectations soar. According to FXStreet on Wednesday, 20 December, "The USD/JPY pair corrects to near 143.50 amid expectations that the Federal Reserve (Fed) will start lowering borrowing interest rates earlier than projected by policymakers. "
  • Usd/jpy analysis: US dollar still weak - 21 December 2023. According to DailyForex on Thursday, 21 December, "For four consecutive trading sessions, the price of the USD/JPY has been trying to rebound higher to break out of the prominent downtrend channel on the daily chart below. ", "According to the performance on the daily chart below, the price of the USD/JPY pair is still trying to get out of the bearish channel that was formed recently. "

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.

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