(VIANEWS) – USD/CNH (USDCNH) has been up by 1.95% for the last 21 sessions. At 20:13 EST on Wednesday, 14 August, USD/CNH (USDCNH) is $7.15.
USD/CNH’s yearly highs and lows, it’s 0.062% up from its 52-week low and 0.021% 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 overbought (>=80).
News about
- 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. "
- According to FXStreet on Tuesday, 13 August, "The USD/JPY pair receives support as the pressure on the US Dollar eases due to decreased expectations for a 50 basis point interest rate cut by the US Federal Reserve (Fed) in September. ", "For support levels, the USD/JPY pair may test a seven-month low at 141.69, recorded on August 5, followed by the throwback support at 140.25."
- Usd/jpy: taking a breather? – rabobank. According to FXStreet on Tuesday, 13 August, "In our view this will likely start with a recovery in the value of the USD over the coming days, though we expect that USD/JPY can still trend lower on a 3-to-6-month view’."
- Usd/jpy edges higher in a familiar range, retakes 147.00 mark amid risk-on mood. According to FXStreet on Wednesday, 14 August, "Apart from this, expectations that the Bank of Japan (BoJ) will hike rates again in 2024 help limit the JPY losses and might cap the USD/JPY pair.", "Heading into the key data risk, the upbeat market mood is seen undermining the safe-haven Japanese Yen (JPY) and acting as a tailwind for the USD/JPY pair."
More news about USD/CNH (USDCNH).
