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

ViaNews Editorial Team

August 12, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.15% for the last 10 sessions. At 06:06 EST on Monday, 12 August, USD/CNH (USDCNH) is $7.18.

USD/CNH's yearly highs and lows, it's 0.201% up from its 52-week low and 0.071% down from its 52-week high.

News about

  • Usd/jpy trims part of modest gains amid geopolitical risks, up a little around 146.75-80 area. According to FXStreet on Monday, 12 August, "This comes on top of the recent dovish remarks by BoJ Deputy Governor Shinichi Uchida, saying that the central bank won't hike rates when markets are unstable, and undermines the Japanese Yen (JPY), lending some support to the USD/JPY pair.", "The USD/JPY pair attracts some dip-buyers on the first day of a new week, albeit struggles to find acceptance above the 147.00 mark and capitalize on the move up. "
  • According to FXStreet on Monday, 12 August, "Support for the USD/JPY pair comes from stronger-than-expected US economic data released last week, leading traders to reduce their expectations for interest rate cuts by the US Federal Reserve.", "On the upside, the USD/JPY pair could test the immediate barrier at the nine-day Exponential Moving Average (EMA) around the 147.75 level. "

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.

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