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

ViaNews Editorial Team

November 21, 2023

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.61% for the last 21 sessions. At 12:11 EST on Tuesday, 21 November, USD/CNH (USDCNH) is $7.13.

USD/CNH's yearly highs and lows, it's 0.031% up from its 52-week low and 0.504% down from its 52-week high.

News about

  • Eur/usd analysis: resistance 1.10 will change the trend. - 20 November 2023. According to DailyForex on Monday, 20 November, "According to the performance on the daily chart below, the general downward trend of the currency pair EUR/USD is broken, and the direction may change if the bulls move towards the psychological resistance level of 1.1000. ", "The EUR/USD exchange rate is starting to lose upward momentum, according to new analysis from Commerzbank. "
  • Eur/usd and gbp/usd bounces to run out of steam – socgen. According to FXStreet on Monday, 20 November, "Maybe it all adds up to the EUR/USD and GBP/USD bounces running out of steam at some point, while JPY, AUD and NZD carry on for longer and SEK and NOK come back into favour. "
  • Eur/usd has further upside potential – commerzbank. According to FXStreet on Monday, 20 November, "Both the USD Index and EUR/USD are trading at levels last seen at the end of August. ", "Even without further US-idiosyncratic USD strength, EUR/USD would have further upside potential simply because in our view the market increasingly assesses the ECB incorrectly. "

More news about USD/CNH (USDCNH).

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.

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