(VIANEWS) – USD/CNH (USDCNH) has been up by 2.57% for the last 21 sessions. At 14:06 EST on Wednesday, 29 November, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.29% up from its 52-week low and 0.01% down from its 52-week high.
News about
- Eur/usd remains capped below 1.0950, eyes on eurozone inflation, US GDP data. According to FXStreet on Monday, 27 November, "The downside risks to growth in Germany, Europe’s largest economy might exert some selling pressure on the Euro (EUR) and act as a headwind for the EUR/USD pair. "
- According to FXStreet on Monday, 27 November, "Further north, EUR/USD might face resistance around the August top of 1.1064 (August 10) and another weekly peak of 1.1149 (July 27), all preceding the 2023 high of 1.1275 (July 18)."
- Eur/usd price analysis: continues the winning streak on weaker US dollar, trades near 1.0950. According to FXStreet on Monday, 27 November, "If the pair manages to break through that level, it could empower EUR/USD bulls to tackle the resistance zone near the psychological level of 1.1000.", "The technical signals for the EUR/USD pair are in favor of the ongoing upward movement. "
- Eur/usd refreshes multi-month peak as fed rate cut bets continue to undermine the USD. According to FXStreet on Tuesday, 28 November, "This will be followed by the flash Eurozone CPI report on Thursday and the US Core PCE Price Index - the Fed’s preferred inflation gauge - on Thursday, which, in turn, will drive the EUR/USD pair in the near term.", "Adding to this, the increasing likelihood of earlier rate cuts by the Fed in 2024 compared to the European Central Bank (ECB) turns out to be another factor acting as a tailwind for the EUR/USD pair."
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