(VIANEWS) - USD/CNH (USDCNH) has been up by 0.85% for the last 5 sessions. At 07:07 EST on Friday, 17 November, USD/CNH (USDCNH) is $7.25.
USD/CNH's yearly highs and lows, it's 0.084% up from its 52-week low and 0.095% down from its 52-week high.
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- According to FXStreet on Wednesday, 15 November, "US CPI data means that our three-month forecast of EUR/USD 1.02 appears a long way away. "
- According to FXStreet on Wednesday, 15 November, "Next on the upside for EUR/USD emerges the weekly high of 1.0945 (August 30) ahead of the psychological threshold of 1.1000. ", "(This story was corrected on November 15 at 11:23 GMT to say that EUR/USD reached new highs near 1.0880, not lows)."
- Eur/usd price analysis: remains capped below the 1.0900 mark amid overbought condition. According to FXStreet on Wednesday, 15 November, "However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. ", "The weaker-than-expected US inflation data exerts some selling pressure on the US Dollar (USD) and supports the EUR/USD pair. "
- Eur/usd forecast: reacts to CPI numbers - 15 November 2023. According to DailyForex on Wednesday, 15 November, "Consequently, fluctuations in bond yields play a pivotal role in determining the direction of the EUR/USD pair.", "In the end, the EUR/USD forex pair is currently navigating a volatile landscape, with traders closely watching the 200-Day EMA and monitoring US bond yields for cues. "
- The idea of a rate cut cycle for ECB and fed is an argument in support of higher eur/usd – commerzbank. According to FXStreet on Wednesday, 15 November, "The US CPI induced USD selling, with EUR/USD notably moving close to the 1.09 mark. ", "And that is why from today's point of view, where no market participant can project the details with any certainty, the idea of a rate cut cycle for both central banks is an argument in support of higher EUR/USD exchange rates."
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