(VIANEWS) – USD/CNH (USDCNH) has been up by 5.79% for the last 21 sessions. At 00:15 EST on Thursday, 23 March, USD/CNH (USDCNH) is $6.83.
USD/CNH’s yearly highs and lows, it’s 0.053% up from its 52-week low and 0.439% down from its 52-week high.
News about
- Eur/usd price analysis: pair revisits descending trendline at 1.0720 level before FOMC meeting. According to FXStreet on Tuesday, 21 March, "The three-day bullish rally for EUR/USD has led to a retest of the descending trendline that originates from February’s high at the 1.1036 level.", "A convincing break below this point could send EUR/USD down to the multi-month low of 1.0525, the last line of support."
- Eur/usd forex signal: bullish sentiment if it Zooms past 1.0750 – 21 March 2023. According to DailyForex on Tuesday, 21 March, "The EUR/USD exchange rate bounced back after falling to a low of 1.0522 on March 15. ", "The EUR/USD rose as the US dollar index slumped to $103 and American indices like the Dow Jones and S&P 500 indices jumped by almost 1%. "
- Eur/usd: A 50 bps increase by the fed and/or upward revision of the dots to smother bullish argument – socgen. According to FXStreet on Tuesday, 21 March, "A smaller 25 bps rate increase or a pause by the FOMC on Wednesday and minor (upward) revision of the dot-plot should, in theory, help EUR/USD to return to the upward trajectory of January.", "A 50 bps increase by the Fed and/or significant upward revision of the dots would be a major surprise and would backfire for risk assets and smother the bullish EUR/USD argument."
- Eur/usd climbs above 1.0700 on risk-on mood, soft US dollar. According to FXStreet on Tuesday, 21 March, "At the time of writing, the EUR/USD is trading at 1.0774 after hitting a low of 1.0703.", "The EUR/USD continued to rally to a five-week high of 1.0788 but fell shy of testing the 1.0800 mark. "
More news about USD/CNH (USDCNH).
