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MarketFX

USD/CNH Drops By 1% In The Last 10 Sessions

ViaNews Editorial Team

February 6, 2024

USD/CNH Drops By 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.76% for the last 10 sessions. At 16:08 EST on Tuesday, 6 February, USD/CNH (USDCNH) is $7.20.

USD/CNH's yearly highs and lows, it's 0.097% up from its 52-week low and 0.266% down from its 52-week high.

News about

  • According to DailyForex on Monday, 5 February, "The USD/JPY currency pair experienced a rapid upward surge, catching the attention of Wall Street, which found itself taken aback by the prospect that the Federal Reserve might not commence rate cuts in March. "
  • Usd/jpy analysis: uptrend strengthens - 06 February 2024. According to DailyForex on Tuesday, 6 February, "Prior to the recent rebound, we often recommended buying the USD/JPY pair from every falling level. "
  • Usd/jpy: three-month forecast lowered to 145.00 from 146.00 – rabobank. According to FXStreet on Monday, 5 February, "Our forecast of a move to USD/JPY 135.00 on a 12-month view assumes a rate rise from the BoJ this year. ", "Since risks of a spring rate rise appear to have strengthened further, we have lowered our three-month USD/JPY forecast to 145.00 from a previous forecast of 146.00."
  • According to FXStreet on Monday, 5 February, "Furthermore, the broader risk sentiment should contribute to producing short-term trading opportunities around the USD/JPY pair on the first day of a new week.", "A convincing break below the latter, however, might prompt aggressive technical selling and drag the USD/JPY pair below the 147.00 mark, towards the next relevant support near the 146.75-146.70 region. "
  • Usd/jpy rises on strong US dollar, elevated US yields. According to FXStreet on Monday, 5 February, "The USD/JPY gained modestly late in the New York session, trading at around the 148.70s area, sponsored by the strong US Dollar and higher US Treasury bond yields. ", "A bullish engulfing pattern formed above the crossover of the Senkou Span A and B, opened the door for further gains, but USD/JPY buyers need to reclaim 149.00, which could open the door to challenge the 150.00 figure. "

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.