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

ViaNews Editorial Team

January 14, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.75% for the last 10 sessions. At 15:07 EST on Sunday, 14 January, USD/CNH (USDCNH) is $7.18.

USD/CNH's yearly highs and lows, it's 0.001% up from its 52-week low and 0.047% down from its 52-week high.

News about

  • Eur/usd tumbles below 1.0950 as middle east tensions escalate, US PPI eyed. According to FXStreet on Friday, 12 January, "The EUR/USD pair has slipped below the crucial support of 1.0950 as the market mood has turned risk-averse amid deepening Middle East tensions. "
  • According to FXStreet on Friday, 12 January, "The EUR/USD kicked off Friday's trading near 1.0980, going back and forth in a rough intraday range as the pair grapples with bids near 1.0950. ", "The challenge will be to drag the EUR/USD down to the last swing low near 1.0750. "
  • Eur/usd recovers slightly amid middle east tensions, post US PPI. According to FXStreet on Friday, 12 January, "Therefore, market participants seeking safety bought Gold and safe-haven peers, which weighed on the EUR/USD in the overnight session.", "From a technical perspective, the EUR/USD is neutral to upward biased, though back-to-back doji's confirm indecision amongst traders. "
  • Eur/usd price analysis: trades higher around 1.0980 on subdued US dollar. According to FXStreet on Friday, 12 January, "This indicates a potential momentum shift towardan upward trend for the EUR/USD pair. ", "A decisive break below the latter could intensify downward pressure on the EUR/USD pair, potentially guiding it toward the 50-day Exponential Moving Average (EMA) at 1.0895 and the 38.2% Fibonacci retracement level at 1.0867. "

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.