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USD/CNH Over 5% Down In The Last 21 Sessions

ViaNews Editorial Team

February 6, 2023

USD/CNH Over 5% Down In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 5.25% for the last 21 sessions. At 06:07 EST on Monday, 6 February, USD/CNH (USDCNH) is $6.80.

USD/CNH's yearly highs and lows, it's 0.313% up from its 52-week low and 0.504% down from its 52-week high.

News about

  • According to FXStreet on Sunday, 5 February, "Following the news, the USD/JPY pair defends Friday's recovery moves around 131.85, up nearly half a percent intraday."
  • Usd/jpy price analysis: renews three-week high but 50-dma probes bulls. According to FXStreet on Monday, 6 February, "However, the 50-DMA hurdle surrounding 132.70 presently challenges the USD/JPY bulls. ", "Following that, an ascending trend line from mid-January will challenge the USD/JPY sellers around 128.20."
  • Usd/jpy eases from multi-week top, bullish potential intact amid post-nfp USD strength. According to FXStreet on Monday, 6 February, "The prevalent risk-off environment - as depicted by a generally weaker tone around the equity markets - underpins the safe-haven Japanese Yen (JPY) and acts as a headwind for the USD/JPY pair. ", "Apart from this, the broader risk sentiment will drive demand for the safe-haven JPY and contribute to producing short-term opportunities around the USD/JPY pair."
  • Usd/jpy: the ingredients are in place for a renewed move lower – HSBC. According to FXStreet on Monday, 6 February, "A move lower in USD/JPY over the coming few weeks will mostly rely on the outlook for BoJ policy change, but other more medium-term forces (such as improving current account balance) should also be helping in the background."

More news about USD/CNH (USDCNH).

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.