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MarketFX

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

ViaNews Editorial Team

December 28, 2023

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.23% for the last 21 sessions. At 20:07 EST on Wednesday, 27 December, USD/CNH (USDCNH) is $7.14.

USD/CNH's yearly highs and lows, it's 0.035% up from its 52-week low and 0.091% down from its 52-week high.

News about

  • Eur/usd price analysis: remains confined in a narrow trading range near 1.1040. According to FXStreet on Wednesday, 27 December, "The EUR/USD pair oscillates in a narrow range during the early European session on Wednesday. ", " According to the four-hour chart, the positive outlook of EUR/USD remains intact as the major pair holds above the key 100-hour Exponential Moving Averages (EMA) with an upward slope. "
  • Eur/usd analysis: euro prices move higher - 27 December 2023. According to DailyForex on Wednesday, 27 December, "Recently, EUR/USD pair is consolidating around its gains at the time of writing, as the US dollar remains weaker since recent indications of an imminent abandonment of US monetary policy tightening in the new year.", "On the other hand, EUR/USD will not abandon its current bullish view without returning to the support area of 1.0885. "
  • Eur/usd clings to mild losses below 1.1040 as markets enter holiday mode. According to FXStreet on Wednesday, 27 December, " The EUR/USD pair trades near the highest level since August around 1.1040 during the early Asian trading hours on Wednesday. ", "In the absence of top-tier US economic data from the Eurozone and the United States, risk sentiment is likely to remain the key driver behind the EUR/USD price action."
  • Eur/usd analysis: stability amid holiday seasons - 26 December 2023. According to DailyForex on Tuesday, 26 December, "The EUR/USD formed a double top pattern as traders reflected on the recent decisions of the European Central Bank and the US Federal Reserve. ", "Despite the mixed narratives that emerged from the recent meetings of the European Central Bank and the US Federal Reserve, the rebound rally for the EUR/USD currency pair has reached the resistance level of 1.1040, the highest level for the pair in four months."
  • According to FXStreet on Tuesday, 26 December, "SPX for 2023 traded 984.47 points and traded higher in 8 of 12 months to match EUR/USD yet 984 was a light trade year."

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.