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USD/CNH Bearish Momentum With A 1% Drop In The Last 21 Sessions

ViaNews Editorial Team

January 5, 2024

USD/CNH Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.73% for the last 21 sessions. At 19:07 EST on Thursday, 4 January, USD/CNH (USDCNH) is $7.18.

USD/CNH's yearly highs and lows, it's 0.054% up from its 52-week low and 0.013% down from its 52-week high.

News about

  • Eur/usd sees meager rebound near 1.0900 as markets digest fed meeting minutes. According to FXStreet on Wednesday, 3 January, "The EUR/USD has slid nearly 2% from last week's peak bids of 1.1195, with technical support sitting at the last swing low into 1.0750.", "The EUR/USD slid into the 1.0900 handle on Wednesday after an equivocating Federal Reserve (Fed) put significant effort into not moving too far in either direction on rate cuts, keeping the US Dollar (USD) propped up amidst a broad-market recovery in the USD."
  • Eur/usd holds below the mid-1.0900s ahead of German cpi, US ADP report. According to FXStreet on Thursday, 4 January, "The EUR/USD pair remains on the defensive during the early Asian session on Thursday. "
  • According to FXStreet on Thursday, 4 January, "The EUR/USD pair currently trades near the 1.0900 threshold after peaking at 1.1139 in December and is technically poised to extend its slump. "
  • Eur/usd price analysis: rebounds from over one-week low, moves back above mid-1.0900s. According to FXStreet on Wednesday, 3 January, "The EUR/USD pair attracts some buying during the Asian session on Wednesday and for now, seems to have snapped a three-day losing streak to over a one-week low touched the previous day. ", "This is closely followed by the 1.1000 psychological mark, above which the EUR/USD pair could climb to the 1.1040-1.1045 region en route to the 1.1080-1.1085 zone before aiming to reclaim the 1.1100 round figure."
  • According to FXStreet on Wednesday, 3 January, "On the upside, buyers could show interest in case EUR/USD returns within the ascending channel by flipping 1.1000 into support. "

More news about USD/CNH (USDCNH).

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.

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