(VIANEWS) – USD/CNH (USDCNH) has been up by 1.92% for the last 21 sessions. At 00:10 EST on Friday, 18 August, USD/CNH (USDCNH) is $7.30.
USD/CNH’s yearly highs and lows, it’s 0.279% up from its 52-week low and 0.066% down from its 52-week high.
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: Yuan licks its wounds at nine-month low near 7.3200 amid China woes. According to FXStreet on Wednesday, 16 August, "However, the USD/CNH bulls remain hopeful unless the Yuan pair remains within an ascending trend channel comprising multiple levels marked since late February, currently between 7.3950 and 7.1730.", "That said, the overbought RSI (14) line joins the market’s pre-event consolidation to direct the USD/CNH price towards the previous resistance line stretched from late October 2022, around 7.2680 at the latest. "
- Usd/cnh stays on the way to refresh record high even as China banks, pboc defend Yuan. According to FXStreet on Thursday, 17 August, "An ascending resistance line from late December 2022, close to 7.3530 at the latest, joins the overbought RSI (14) line to prod the USD/CNH bulls. ", "On the other hand, a slump in China’s housing prices marked the first fall of the year in June and joins the fears about another bond market crisis in the Dragon Nation, as the biggest private realtor Country Garden struggles to pay bond payments, to propel the USD/CNH price."
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