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MarketFX

USD/CNH Bearish By 4% In The Last 21 Sessions

ViaNews Editorial Team

February 19, 2023

USD/CNH Bearish By 4% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 4.22% for the last 21 sessions. At 14:11 EST on Sunday, 19 February, USD/CNH (USDCNH) is $6.87.

USD/CNH's yearly highs and lows, it's 0.006% up from its 52-week low and 0% down from its 52-week high.

News about

  • Eur/usd slides in asia to test 1.0650 as US dollar bulls flex. According to FXStreet on Friday, 17 February, "At the time of writing, EUR/USD is trading at 1.06552 and has made a low of 1.0649 so far, sliding from 1.0675."
  • Eur/usd set to head lower but holding above parity – danske bank. According to FXStreet on Friday, 17 February, "We have long argued the strategic case for a lower EUR/USD based on relative terms of trade, real rates (growth prospects) and relative unit labour costs. ", "As a difference to the period from September to early January, Eurozone equities are now underperforming peers, which could be an indication that EUR/USD has peaked."
  • Eur/usd bears keep the reins at six-week low as ECB appears less hawkish than fed. According to FXStreet on Friday, 17 February, "The first daily closing below the 50-day Exponential Moving Average (EMA), around 1.06860 by the press time, since early November 2022 directs EUR/USD toward a 10-week-old ascending support line, close to 1.0620 at the latest.", "On a different page, the fresh US-China tension and Russia's refrain from stepping back when it comes to attacking Ukraine also weigh on the risk appetite and the EUR/USD prices, due to the US Dollar's safe-haven demand."
  • Eur/usd: overshoot to support at 1.0460 cannot be excluded as a risk – scotiabank. According to FXStreet on Friday, 17 February, "A third consecutive lower weekly close and losses, if rather limited so far, below key short-term support at 1.0660 target more declines ahead for EUR/USD from a technical point of view."

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.