(VIANEWS) – USD/CNH (USDCNH) has been up by 1.65% for the last 10 sessions. At 17:06 EST on Wednesday, 7 February, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.287% up from its 52-week low and 0.082% down from its 52-week high.
News about
- Eur/usd forex signal: bearish price channel – 05 February 2024. According to DailyForex on Monday, 5 February, "My previous EUR/USD signal on 24thJanuarywas not triggered as there was insufficiently bearish price action when the resistance levels were first reached that day.", "In my previous analysis ofthe EUR/USD currency pairalmost two weeks ago, I wrote that the resistance level at $1.0876 looked likely to be the level which would determine what would happen over the day. "
- Eur/usd languishes near YTD low as traders continue to trim fed rate cut bets. According to FXStreet on Monday, 5 February, "This is seen as another factor dragging the EUR/USD pair lower and supports prospects for deeper losses.", "A sustained strength beyond, however, might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0900 round figure. "
- Eur/usd price analysis: holds below 1.0800 ahead of German, eurozone services PMI data. According to FXStreet on Monday, 5 February, "The hawkish remarks from Federal Reserve (Fed)Chairman Jerome Powellprovide some support to the US Dollar (USD) and exert some selling pressure on the EUR/USD pair. ", "The EUR/USD pair remains on the defensive during the early European session on Monday. "
- Eur/usd will be more comfortable in a 1.0400 to 1.1200 range than at levels closer to 1.2000 – rabobank. According to FXStreet on Monday, 5 February, "We maintain our one-month EUR/USD forecast of 1.0700 and our three-month target of 1.0500.", "For this reason, we see risk of EUR/USD being more comfortable in a 1.0400 to 1.1200 range over the next couple of years than at levels closer to 1.2000."
- According to DailyForex on Monday, 5 February, "Within the current market dynamics, it is highly probable that the EUR/USD pair will continue to fluctuate within this particular range. ", "Traders may consider using the EUR/USD pair as an indicator for developments related to the US dollar rather than as a direct reflection of the European economic situation. "
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