(VIANEWS) – USD/CNH (USDCNH) has been up by 1.01% for the last 5 sessions. At 08:06 EST on Friday, 3 May, USD/CNH (USDCNH) is $7.19.
USD/CNH’s yearly highs and lows, it’s 0.114% up from its 52-week low and 0.204% 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 price analysis: drops to a two-week low, at around 153.00. According to FXStreet on Thursday, 2 May, "Although traders paired some losses and pushed the USD/JPY toward the day’s high at 156.28, renewed selling pressure in the major tumbled the pair to a two-week low. ", "The pair remains upward biased despite registering more than 3% weekly losses, as the USD/JPY price action stands above the Ichimoku Cloud (Kumo). "
- According to FXStreet on Wednesday, 1 May, "This, in turn, acts as a headwind for the USD/JPY pair ahead of the crucial FOMC policy decision later today.", "This, along with a goodish pickup in the US Dollar (USD) demand, provided an additional lift to the USD/JPY pair and contributed to the strong intraday move up."
- According to FXStreet on Thursday, 2 May, "A likely Japanese Yen buying directed by Japan’s Ministry of Finance triggered a steep USD/JPY decline to over a two-week low during the late US session on Wednesday, though the momentum falters near the 153.00 mark. ", "A positive tone around the US equity markets further contributes to driving flows away from the safe-haven JPY and provides an additional boost to the USD/JPY pair on Thursday ahead of the second-tier US economic releases. "
- Usd/jpy holds losses after fed decision. According to FXStreet on Wednesday, 1 May, "The USD/JPY trades at 157.42 holding daily losses on Wednesday after the Federal Reserve (Fed) decision to hold rates at 5.25%-5.5%.", "When analyzing on a wider spectrum, the USD/JPY sits comfortably above the 20-day Simple Moving Average (SMA), signaling a potential short-term upward momentum. "
More news about USD/CNH (USDCNH).
