(VIANEWS) – USD/CNH (USDCNH) has been up by 1.81% for the last 21 sessions. At 18:07 EST on Tuesday, 6 August, USD/CNH (USDCNH) is $7.16.
USD/CNH’s yearly highs and lows, it’s 0.01% up from its 52-week low and 0.011% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be overbought (>=80).
News about
- Eur/usd: top of range – rabobank. According to FXStreet on Monday, 5 August, "On the build-up of Fed rate cut speculation, EUR/USD has risen to a 5-month high and towards the top of the trading range that has dominated all year. ", "In our view, factors most likely to drive EUR/USD above 1.10 would likely be a surge in evidence suggesting a sharp slowdown is occurring in the US economy combined with a drop back of Trump in the polls."
- According to FXStreet on Tuesday, 6 August, "As mentioned above, the dollar may recover a bit more ground today, and we could see EUR/USD slip back to the 1.090 mark.", "Our short-term models indicate EUR/USD should be trading above 1.10 even if that spread rewidens by another 20bp in favour of the dollar."
- Eur: when the dust settles, eur/usd should trade higher – ING. According to FXStreet on Monday, 5 August, "Overall we think EUR/USD should be able to press the 1.0950/80 region and break above 1.10 - especially if the Fed starts to acknowledge that action is required.", "Were it not for the heavy sell-off in equities, yield differentials would make a case for EUR/USD to be trading well above 1.10 now. "
- Eur/usd flirts with break below 1.09 while greenback sets the record straight. According to FXStreet on Tuesday, 6 August, "With that firm rejection at the psychological level and with the price action now falling back below that red descending trend line, it looks like EUR/USD will need to find support in order to regain strength for the next leg higher. ", "Should EUR/USD be able to rally above there, another leg higher to December’s peak at 1.1139 comes into focus. "
More news about USD/CNH (USDCNH).
