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MarketFX

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

ViaNews Editorial Team

February 16, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.48% for the last 10 sessions. At 09:10 EST on Friday, 16 February, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0.075% up from its 52-week low and 0.032% down from its 52-week high.

News about

  • Usd/jpy price analysis: retreats from yearly highs above 150.00. According to FXStreet on Thursday, 15 February, "The USD/JPY retreats after hitting a yearly high of 150.86 and tumbles below the 150.00 figure, courtesy of Japanese authorities' verbal intervention in the FX markets. ", "The USD/JPY seems to have peaked at around 150.00, which could open the door for speculations of intervention. "
  • Usd/jpy analysis: return to the levels of Japanese intervention - 14 February 2024. According to DailyForex on Wednesday, 14 February, "As I expected before, USD/JPY is highly likely to move towards the 150.00 psychological resistance again, and through our live trading recommendations page, we always recommend buying USD/JPY from each level. "
  • Usd/jpy forecast: continues to look to the upside - 15 February 2024. According to DailyForex on Thursday, 15 February, "The USD/JPY market remains characterized by its inherent volatility and noise, reflective of broader market sentiment. ", "At the end of the day, the USD/JPY pair continues to highlight the US dollar's dominance over the Japanese yen, driven by interest rate differentials and investor sentiment. "
  • Usd/jpy analysis: bullish consolidation awaits key data - 15 February 2024. According to DailyForex on Thursday, 15 February, "Also, USD/JPY pair remained above the 50-day and 25-day moving averages, while the Average Directional Index (ADX) remained above 20. ", "Looking ahead, the next big news for USD/JPY will come on Thursday when Japan publishes its latest GDP numbers. "
  • Usd/jpy: the threat of intervention and speculation on a March hike should limit yen selling – MUFG. According to FXStreet on Wednesday, 14 February, "With USD/JPY now more or less in intervention territory, a March hike is more feasible.", "US developments as we saw on Tuesday take precedence but at higher USD/JPY levels, the threat of intervention and speculation on a March hike should limit Yen selling."

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.