(VIANEWS) – USD/CNH (USDCNH) has been up by 2.46% for the last 21 sessions. At 16:09 EST on Sunday, 4 June, USD/CNH (USDCNH) is $7.10.
USD/CNH’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.
- Eur/usd price analysis: euro bulls need validation from 100-day EMA and US NFP. According to FXStreet on Friday, 2 June, "On the flip side, a convergence of the previous resistance line and the 200-day EMA, around 1.0690-85, restrict immediate declines of the EUR/USD pair ahead of the previously mentioned rising support line from October 2022, close to 1.0635 at the latest.", "In a case where the EUR/USD crosses the 1.0775 hurdle, the 1.0800 round figure and the late May swing high near 1.0835 may prod the bulls."
- Eur/usd could press the 1.0810/20 area if NFP does not come in too hot – ING. According to FXStreet on Friday, 2 June, "Economists at ING analyze EUR/USD outlook ahead of the US Nonfarm Payrolls report.", "Today’s US data will have a big say in determining whether this week’s EUR/USD low of 1.0635 was significant."
- Eur/usd: ECB monetary policy is not going to provide any further upside potential for the euro – commerzbank. According to FXStreet on Friday, 2 June, "Economists at Commerzbank discuss ECB policy outlook and its implications for the EUR/USD pair.", "A return to higher EUR/USD levels would have to be driven by a more cautious outlook for Fed interest rates."
- Eur/usd stumbles on solid US NFP data, traders bet for a July fed hike. According to FXStreet on Friday, 2 June, "At the time of writing, the EUR/USD is trading at 1.0715, printing losses of 0.43%.", "Since the data release, the EUR/USD pair lost 40 pips or 0.40% intraday, threatening to get toward the 1.0700 figure as the greenback limps its wounds. "
More news about USD/CNH (USDCNH).