(VIANEWS) – USD/CNH (USDCNH) has been up by 1.39% for the last 10 sessions. At 22:06 EST on Thursday, 18 January, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.029% up from its 52-week low and 0.094% down from its 52-week high.
News about
- According to FXStreet on Wednesday, 17 January, "That of course may well come in either the February or March payrolls reports but if not in February we may well see a full retracement of the EUR/USD rally in November/December, taking spot back down to around the 1.06/1.07 area."
- According to FXStreet on Wednesday, 17 January, "Despite this week’s move by EUR/USD below the 1.09 level, the Euro (EUR) remains the third best performing G10 currency in the year to date after the US Dollar (USD) and the Pound Sterling (GBP). ", "While we note that EUR/USD is currently trading well below most model-based predictions of fair value, we are concerned that the relative buoyancy of the EUR belies sour growth fundamentals in the Eurozone and specifically in Germany."
- Eur/usd languishes near one-month low set on Tuesday, seems vulnerable to slide further. According to FXStreet on Wednesday, 17 January, "This, along with the underlying bullish sentiment surrounding the US Dollar (USD), validates the near-term negative outlook for the EUR/USD pair.", "This, along with speeches by Fed Governors Michael Barr and Michelle Bowman, the US bond yields and the broader risk sentiment, will influence the USD and produce short-term trading opportunities around the EUR/USD pair."
- Eur/usd signal: more downside as global risks rise – 17 January 2024. According to DailyForex on Wednesday, 17 January, "The EUR/USD pair made a bearish breakout as the US dollar index continued falling. ", "The EUR/USD exchange rate continued its sell-off ahead of the upcoming European inflation and US retail sales data. "
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