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USD/CNH Bearish By 1% In The Last 10 Sessions

ViaNews Editorial Team

November 20, 2023

USD/CNH Bearish By 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.45% for the last 10 sessions. At 23:06 EST on Sunday, 19 November, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0% down from its 52-week low and 0% down from its 52-week high.

News about

  • Usd/jpy trades with modest intraday losses around mid-150.00s, lacks follow-through selling. According to FXStreet on Friday, 17 November, "The USD/JPY pair edges lower for the second straight day on Friday and trades around the 150.60 area during the Asian session, down less than 0.10% for the day and above the previous day's swing low.", "Apart from this, a softer risk tone is seen benefitting the safe-haven Japanese Yen (JPY) and exerting some pressure on the USD/JPY pair. "
  • Usd/jpy moves below 150.50 on soft risk tone, US housing data eyed. According to FXStreet on Friday, 17 November, "The likelihood of no interest rate hike by the US Federal Reserve (Fed), following a series of downbeat economic data from the United States, contributes to the overall sentiment impacting the USD/JPY pair.", "The downside of the USD/JPY pair finds support in the face of a more dovish stance adopted by the Bank of Japan (BoJ). "
  • Usd/jpy dips below 150.00, on sentiment shift, despite positive US housing data. According to FXStreet on Friday, 17 November, "The USD/JPY dropped below the 150.00 figure during Friday's mid-North American session as market sentiment shifted sour due to derivative instruments expiring linked to stocks. ", "Meanwhile, the US Dollar Index (DXY), which tracks the buck's value vs. a basket of peers, drops 0.32% and trades at 104.05, a headwind for the USD/JPY pair. "
  • Usd/jpy to decline below 140 on a 6-12m horizon – danske bank. According to FXStreet on Friday, 17 November, "Economists at Danske Bank expect the USD/JPY pair to nosedive over the coming months."

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.

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