(VIANEWS) – USD/CNH (USDCNH) has been up by 1.2228% for the last session’s close. At 18:06 EST on Sunday, 5 February, USD/CNH (USDCNH) is $6.82.
USD/CNH (USDCNH) Range
Concerning USD/CNH’s daily highs and lows, it’s 1.252% up from its trailing 24 hours low of $6.73 and 0.097% up from its trailing 24 hours high of $6.81.
USD/CNH’s yearly highs and lows, it’s 0.072% up from its 52-week low and 0.018% down from its 52-week high.
- Eur/usd treads water above 1.0900 ahead of US key data. According to FXStreet on Friday, 3 February, "The single currency continues to digest Thursday’s post-ECB acute pullback and motivates the EUR/USD to trade within a tight range in the low-1.0900s on Friday.", "The pronounced upside pushed EUR/USD north of the key 1.1000 hurdle on Thursday, although the pair retreated markedly in the wake of the ECB event and retested the 1.0880 region."
- Eur/usd: things are getting increasingly difficult for bulls – commerzbank. According to FXStreet on Friday, 3 February, "A lot seems to be priced into EUR/USD already, and a more hawkish ECB is difficult to imagine.", "Currently, it looks as if the inflation trend justifies an end to interest rate hikes in the near future, so there is probably no further upside potential in EUR/USD for the time being."
- Eur/usd: medium-term drivers indicate that the pair is overvalued – danske bank. According to FXStreet on Friday, 3 February, "In recent weeks, EUR/USD has defied the shift and sudden underperformance of Eurozone equities, which we otherwise deem to have been an important driver behind the EUR/USD rally since September (Eurozone equities overperforming during this period).", "Our tactical conviction on EUR/USD is not high, but we maintain a clear sell-on-rallies bias for the cross as we still think medium-term drivers indicate that EUR/USD is overvalued (and not undervalued)."
- Interest rate differentials point to a higher eur/usd – nordea. According to FXStreet on Friday, 3 February, "Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead.", "Given that the ECB has had room for more positive rate surprises than the Fed, a higher EUR/USD is understandable."
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