(VIANEWS) – USD/CNH (USDCNH) has been up by 0.98% for the last 10 sessions. At 06:11 EST on Tuesday, 13 August, USD/CNH (USDCNH) is $7.17.
USD/CNH’s yearly highs and lows, it’s 0.036% up from its 52-week low and 0.178% 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 oversold (<=20).
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, in turn, contributes to keeping a lid on the USD/JPY pair amid relatively thin liquidity on the back of a holiday in Japan and absent relevant market-moving economic data.", "The crucial CPI report will play a key role in influencing the Fed’s future policy decisions, which, in turn, should provide some meaningful impetus to the Greenback and the USD/JPY pair."
- According to FXStreet on Monday, 12 August, "This means that while it was possible to earn almost 5% p.a. on a USD/JPY carry trade, the market expected the spot rate to fluctuate by an average of 9% over the course of the next 12 months.", "The fact that exchange rate movements appear excessive to the layperson, that it may seem implausible, for example, that a 25 basis point increase in JPY interest rates justifies a USD/JPY slide by more than 10 big figures, is of course due to a dynamic that is quite well understood by economists. "
- According to FXStreet on Monday, 12 August, "A broad-base recovery in the Yen helped to drag USD/JPY down from multi-decade highs, sending the pair plunging below the 200-day Exponential Moving Average (EMA) at 151.84. "
- Usd/jpy: from a disorderly to orderly decline – ING. According to FXStreet on Monday, 12 August, "Lower growth and US rates, plus the Bank of Japan on a path to higher rates (next hike in October) should drag USD/JPY back to the 137/138 area.", "Japanese efforts to turn the USD/JPY bull turn around have been a little too successful, ING’s FX analysts Francesco Pesole and Chris Turner note."
- Usd/jpy trades with mild losses near 147.00 ahead of US PPI data. According to FXStreet on Tuesday, 13 August, "The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. "
More news about USD/CNH (USDCNH).
