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USD/CNH Bearish Momentum With A 4% Slide In The Last 21 Sessions

ViaNews Editorial Team

February 14, 2023

USD/CNH Bearish Momentum With A 4% Slide In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 4.71% for the last 21 sessions. At 15:06 EST on Tuesday, 14 February, USD/CNH (USDCNH) is $6.84.

USD/CNH's yearly highs and lows, it's 0.472% up from its 52-week low and 0.064% down from its 52-week high.

News about

  • Eur/usd price analysis: sellers attack 1.0660 key support at monthly low. According to FXStreet on Monday, 13 February, "Following that, a two-month-old ascending resistance line near 1.0800 becomes crucial for the EUR/USD buyers.", "It's worth noting, however, that the previous monthly low around 1.0480 could challenge the EUR/USD bears past 1.0530."
  • According to FXStreet on Monday, 13 February, "The latest ECB commentary is having little to no impact on the EUR/USD pair, as it keeps its downside consolidative phase intact at around 1.0675."
  • Eur/usd renews monthly low below 1.0700 amid ecb, fed chatters, focus on EU gdp, US inflation. According to FXStreet on Monday, 13 February, "However, cautious mood ahead of the key US Consumer Price Index (CPI) for January and the preliminary readings of the Eurozone fourth quarter (Q4) Gross Domestic Product, up for publishing on Tuesday, seem to probe the EUR/USD bears."

More news about USD/CNH (USDCNH).

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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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