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

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.61% for the last 21 sessions. At 04:14 EST on Wednesday, 20 December, USD/CNH (USDCNH) is $7.12.

USD/CNH’s yearly highs and lows, it’s 0.052% up from its 52-week low and 0.014% down from its 52-week high.

News about

  • Usd/jpy rallies nearing 145.00 fuelled by a dovish boj. According to FXStreet on Tuesday, 19 December, "This has boosted the USD/JPY about 1.25% higher on the day so far, to reach intra-day highs near 145.00."
  • According to FXStreet on Tuesday, 19 December, "The Japanese Yen (JPY) comes under heavy selling pressure and pushes the USD/JPY pair higher for the third straight day after the Bank of Japan (BoJ) announced its policy decision earlier this Tuesday. ", "Meanwhile,oscillators on the daily chart are holding deep in the negative territory and suggest that the path of least resistance for the USD/JPY pair is to the downside. "
  • Usd/jpy: the pace of depreciation will be gradual in the near term, decisive break below 140 in 2Q24 – ING. According to FXStreet on Tuesday, 19 December, "We remain bearish on USD/JPY in 2024, as the oversold Yen can still benefit from the end of negative rates in Japan and we see the Fed cut rates by 150 bps, but the pace of depreciation in the pair will be gradual in the near term, and we only see a decisive break below 140 in 2Q24."
  • Usd/jpy edges higher ahead of boj decision, rising US yields. According to FXStreet on Monday, 18 December, "In Monday ‘s session, the USD/JPY pair is making notable strides upward, trading around the 143.00 level. "

More news about USD/CNH (USDCNH).

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