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USD/CNH Went Down By Over 1% In The Last 21 Sessions

ViaNews Editorial Team

January 24, 2024

USD/CNH Went Down By Over 1% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.67% for the last 21 sessions. At 18:08 EST on Wednesday, 24 January, USD/CNH (USDCNH) is $7.16.

USD/CNH's yearly highs and lows, it's 0.02% up from its 52-week low and 0.01% down from its 52-week high.

News about

  • Usd/jpy should continue to hover around 148 assuming the boj springs no surprise – ING. According to FXStreet on Monday, 22 January, "Assuming the BoJ springs no surprise, USD/JPY should continue to hover around 148."
  • According to FXStreet on Monday, 22 January, "The USD/JPY pair might then aim to conquer the 150.00 psychological mark with some intermediate hurdle near the 149.70-149.75 area.", "Apart from this, the recent widening of the US-Japan rate differential suggests that the path of least resistance for the USD/JPY pair is to the upside."
  • According to FXStreet on Monday, 22 January, "Scarce volatility in the greenback in combination with the generalized downward bias in US yields sparked the first daily decline in USD/JPY after five consecutive sessions of gains. "
  • According to FXStreet on Monday, 22 January, "Any hint of concern about market distortion from yield curve control could trigger a sharp Yen rally, but complete silence could see another test of USD/JPY 150.00."
  • Usd/jpy to steadily decline towards 135.00 on a 12m horizon– danske bank. According to FXStreet on Monday, 22 January, "The recent rally in the Japanese Yen has reversed with USD/JPY trading nearly four figures higher than at year-end. "

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.