(VIANEWS) – USD/CNH (USDCNH) has been up by 2.55% for the last 21 sessions. At 15:12 EST on Friday, 2 June, USD/CNH (USDCNH) is $7.11.
USD/CNH’s yearly highs and lows, it’s 0.609% up from its 52-week low and 0.097% down from its 52-week high.
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: Yuan renews six-month low above 7.1100 on unimpressive China pmis. According to FXStreet on Wednesday, 31 May, "However, the 200-HMA (Hourly Moving Average (HMA) level of around 7.0675 may act as intermediate halt whereas the monthly low of 6.8962 can lure the USD/CNH bears afterward.", "Although the data allowed USD/CNH to refresh a multi-day top, a seven-day-old rising wedge bearish chart formation and the overbought RSI (14) line, challenges the Yuan sellers."
- Usd/cnh: race higher to persist on a move above 7.12 – socgen. According to FXStreet on Wednesday, 31 May, "Economists at Société Générale analyze USD/CNH technical outlook."
- Usd/cnh slides from six-month high to under-7.1100 on upbeat China caixin PMI. According to FXStreet on Thursday, 1 June, "Having witnessing these catalysts, the USD/CNH pair traders should pay attention to the US ADP Employment Change, ISM Manufacturing PMI and S&P Global PMIs for May for fresh impulse.", "Although overbought RSI joined upbeat China data to trigger the USD/CNH pair’s pullback moves, a one-week-old ascending support line near 7.0950 puts a short-term floor under the offshore Yuan prices."
- Usd/cnh: FX “smoothening” to continue near key levels of 7.15, 7.20, and 7.25 – credit suisse. According to FXStreet on Thursday, 1 June, "Economists at Credit Suisse revise their USD/CNH forecast range to 6.90-7.30 and expect FX "smoothening" to continue near key levels of 7.15, 7.20, and 7.25.", "Until USD/CNH nears 7.30-7.35, we think further Yuan weakness will be permitted, though the pace of weakness will likely continue to be managed."
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