(VIANEWS) – USD/CNH (USDCNH) has been up by 1.62% for the last 10 sessions. At 08:10 EST on Thursday, 29 February, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.115% up from its 52-week low and 0.044% down from its 52-week high.
News about
- Eur/usd continues sideways grind near 1.0850 on Tuesday. According to FXStreet on Tuesday, 27 February, "Despite firm technical resistance, EUR/USD has closed in the green for the last nine trading days as the pair drifts into the 200-day Simple Moving Average (SMA) at 1.0830. "
- Eur/usd trades with modest gains above mid-1.0800s amid modest USD downtick. According to FXStreet on Tuesday, 27 February, "Moreover, oscillators on the daily chart have just started gaining positive traction, suggesting that the path of least resistance for the EUR/USD pair is to the upside. ", "Adding to this, the Federal Reserve’s (Fed) higher-for-longer interest rates narrative should help limit the downside for the Greenback and further contribute to capping the upside for the EUR/USD pair. "
- Eur/usd slips amid risk-off sentiment despite US disappointing data. According to FXStreet on Tuesday, 27 February, "In the US, the second estimate of the Gross Domestic Product (GDP) and Fed speakers could spark some volatility in the EUR/USD pair.", "Despite hitting a three-day high, the EUR/USD retreated from around 1.0860 to 1.0840s, at a time that Relative Strength Index (RSI) studies had peaked and edged towards the 50-midline. "
- Eur/usd: lacking a clear catalyst for another leg higher unless US data disappoints today – ING. According to FXStreet on Tuesday, 27 February, "The Eurozone calendar only includes money supply figures today, and our expectations for a re-strengthening of the Dollar around Thursday’s US PCE release makes us sceptical of the sustainability of a EUR/USD rally at this stage."
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