(VIANEWS) – USD/CNH (USDCNH) has been up by 1.46% for the last 10 sessions. At 17:09 EST on Wednesday, 16 October, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.16% up from its 52-week low and 0.119% 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 oversold (<=20).
News about
- Eur/usd remains depressed below 1.0900, lowest since August 8 amid stronger USD. According to FXStreet on Tuesday, 15 October, "The EUR/USD pair drifts lower for the second straight day on Tuesday and drops to the 1.0890 area in the last hour, back closer to its lowest level since August 8 touched the previous day. ", "Moreover, geopolitical risks benefit the safe-haven buck and support prospects for a further depreciating move for the EUR/USD pair."
- According to FXStreet on Monday, 14 October, "If anything, there is a slight risk that the ECB under-delivers on the easing cycle, and we do not expect the two-year EUR:USD swap differential to widen much further from here; we would not chase EUR/USD sub 1.0900 from this point unless, for instance, we saw a sharp spike in oil prices.", "For the time being, we suspect EUR/USD can hold support in the 1.0850/1.0900 area and could get a lift if Thursday’s ECB meeting isn’t quite as dovish as the market is now pricing."
- Eur/usd extends downside below 1.0950 amid stronger US dollar. According to FXStreet on Monday, 14 October, "The EUR/USD pair extends the decline to near 1.0920 during the early Asian session on Monday. "
- According to FXStreet on Tuesday, 15 October, "While there is scope for EUR doves to be disappointed near-term in view of still sticky services sector inflation, we still expect that EUR/USD will edge lower medium-term."
More news about USD/CNH (USDCNH).
