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USD/CNH Bearish Momentum: 1% Down In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1% for the last 10 sessions. At 00:06 EST on Thursday, 4 April, USD/CNH (USDCNH) is $7.25.

USD/CNH’s yearly highs and lows, it’s 0.017% up from its 52-week low and 0.043% down from its 52-week high.

News about

  • Eur/usd: forecast for the end of 2024 stands at 1.1000 – ABN amro. According to FXStreet on Tuesday, 2 April, "This would imply that EUR/USD stays close to current levels if no other driver presents itself."
  • Eur/usd attracts some sellers near 1.0730, eyes on fedspeaks. According to FXStreet on Tuesday, 2 April, "The EUR/USD pair remains under selling pressure, reaching nearly weekly lows of 1.0730 on Tuesday during the early Asian trading hours. ", "The dovish comments from the ECB policymakers exert some selling pressure on the Euro (EUR) and act as a headwind for the EUR/USD pair. "
  • Eur/usd: the 1.0695/1.0700 lows seen in mid-February are an obvious short-term target – ING. According to FXStreet on Tuesday, 2 April, "The US JOLTS data will have a big say in whether EUR/USD trades much below 1.0700 today, but equally a soft JOLTS figure could be worth a bounce back to 1.0770/1.0780."
  • Eur/usd forex signal: steady ahead of Jerome Powell speech – 03 April 2024. According to DailyForex on Wednesday, 3 April, "The EUR/USD rate drifted upwards on Tuesday even after some encouraging European inflation numbers. ", "The EUR/USD pair will next react to a statement by Jerome Powell and the upcoming ISM non-manufacturing PMI report.EUR/USD prediction"
  • Eur/usd extends recovery near 1.0840 on weaker US dollar. According to FXStreet on Thursday, 4 April, "The EUR/USD pair extends recovery and flirts with the 100-day Exponential Moving Average (EMA) around 1.0840 on Thursday during the early Asian session. "

More news about USD/CNH (USDCNH).

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