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MarketFX

USD/CNH Went Down By Over 1% In The Last 10 Sessions

ViaNews Editorial Team

November 18, 2023

USD/CNH Went Down By Over 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.19% for the last 10 sessions. At 19:07 EST on Friday, 17 November, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0.172% up from its 52-week low and 0.456% down from its 52-week high.

News about

  • The idea of a rate cut cycle for ECB and fed is an argument in support of higher eur/usd – commerzbank. According to FXStreet on Wednesday, 15 November, "The US CPI induced USD selling, with EUR/USD notably moving close to the 1.09 mark. ", "And that is why from today's point of view, where no market participant can project the details with any certainty, the idea of a rate cut cycle for both central banks is an argument in support of higher EUR/USD exchange rates."
  • Eur/usd could nudge above 1.09 on disappointing US retail sales – socgen. According to FXStreet on Wednesday, 15 November, "Momentum and direction may be checked today if US Retail Sales surprise to the upside, but a disappointing outcome could help bonds claw back more ground and nudge EUR/USD above 1.09."
  • Eur/usd forex signal: more gains ahead but a brief pullback likely - 15 November 2023. According to DailyForex on Wednesday, 15 November, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0800.", "The EUR/USD exchange rate bounced back to its highest point since August 31st after the weak US consumer inflation data. "
  • Eur/usd price analysis: remains capped below the 1.0900 mark amid overbought condition. According to FXStreet on Wednesday, 15 November, "However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. ", "The weaker-than-expected US inflation data exerts some selling pressure on the US Dollar (USD) and supports the EUR/USD pair. "
  • According to FXStreet on Wednesday, 15 November, "US CPI data means that our three-month forecast of EUR/USD 1.02 appears a long way away. "

More news about USD/CNH (USDCNH).

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MarketFX

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ForexForeign Exchange MarketCurrenciesUSDCNHUSD/CNHPrice DownFOREX Price DownForex Now
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.