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

ViaNews Editorial Team

February 2, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.61% for the last 10 sessions. At 10:09 EST on Friday, 2 February, USD/CNH (USDCNH) is $7.21.

USD/CNH's yearly highs and lows, it's 0.372% up from its 52-week low and 0.064% down from its 52-week high.

News about

  • Eur/usd gains on soft US employment data, ahead of fomc’s meeting. According to FXStreet on Wednesday, 31 January, "The EUR/USD tilted from bearish biased, to neutral-bearish as traders lifted the exchange rate towards the 1.0880s area. ", "At the time of writing, the EUR/USD trades at 1.0879 after hitting a daily low of 1.0806."
  • Eur/usd price analysis: edges higher to near 1.0810 followed by a major support level. According to FXStreet on Thursday, 1 February, "A successful break above the major level could potentially propel the EUR/USD pair to approach the resistance zone around the 23.6% Fibonacci retracement level at 1.0876 aligned with the 21-day Exponential Moving Average (EMA) at 1.0878. ", "If the pair surpasses the resistance zone, it could inspire the bulls of the EUR/USD pair to explore the region around the psychological barrier at the 1.0900 level."
  • Eur/usd price analysis: languishes near monthly low, focus remains on fed decision. According to FXStreet on Wednesday, 31 January, "The EUR/USD pair meets with a fresh supply during the Asian session on Wednesday and drops to the 1.0815 region in the last hour, well within the striking distance of its lowest level since December 13 touched earlier this week.", "This, along with geopolitical risks stemming from conflicts in the Middle East and China's economic woes, assists the safe-haven US Dollar (USD) to stand tall near its monthly peak and exerts some pressure on the EUR/USD pair."
  • According to DailyForex on Wednesday, 31 January, "Looking specifically at the EUR/USD pair, we observed a slight decline at the start of the week, followed by a rebound. "
  • Eur/usd signal: set to flip 1.0800 ahead of FOMC decision - 31 January 2024. According to DailyForex on Wednesday, 31 January, "The EUR/USD exchange rate reacted mildly to Tuesday's US consumer confidence and European GDP numbers as the focus remained on the upcoming Federal Reserve decision. ", "The EUR/USD pair moved sideways after Eurostat published better-than-expected economic numbers on Tuesday. "

More news about USD/CNH (USDCNH).

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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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