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MarketFX

USD/CNH Drops By 2% In The Last 21 Sessions

ViaNews Editorial Team

February 26, 2023

USD/CNH Drops By 2% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.84% for the last 21 sessions. At 14:09 EST on Sunday, 26 February, USD/CNH (USDCNH) is $6.97.

USD/CNH's yearly highs and lows, it's 0% down from its 52-week low and 0% down from its 52-week high.

News about

  • Usd/jpy climbs to fresh 2023-high above 136.00. According to FXStreet on Friday, 24 February, "After having spent the European trading hours near 135.00, USD/JPY gathered bullish momentum in the early American session on Friday and reached its highest level since December 20 at 136.46. "
  • Usd/jpy builds on strong intraday rally, climbs to 136.00 on stronger US PCE price index. According to FXStreet on Friday, 24 February, "The USD/JPY pair is seen building on its strong intraday rally from the 134.00 mark and scaling higher through the early North American session. ", "This is seen as another factor boosting the USD/JPY pair, though the prevalent risk-off mood could underpin the safe-haven JPY and keep a lid on any further gains, at least for the time being."
  • Usd/jpy: US core PCE and UST yields will be bigger drivers in the near term – OCBC. According to FXStreet on Friday, 24 February, "The USD/JPY pair is set to take cues from US Core PCE data and UST Yields, economists at OCBC Bank report.", "US Core PCE, UST yields will be bigger drivers of USD/JPY in the near term."
  • Usd/jpy could hit the 136/137 area over the next couple of weeks – ING. According to FXStreet on Friday, 24 February, "Our view is that this corrective Dollar bounce could carry the USD/JPY pair up to the 136/137 area over the next couple of weeks.", "But assuming that we are correct with the US disinflation story dominating again in the second quarter of 2023, USD/JPY should be back towards 125/126 into the summer."
  • According to FXStreet on Friday, 24 February, "On his latest remarks, USD/JPY is holding its rebound at around 134.70, modestly flat on the day."

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.